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Treehouse (TREE) has dropped by 5.87% in the last 24 hours, which is worse than the overall cryptocurrency market (-2.38%). This corresponds to its downward trend over 7 days (-16.79%) and 30 days (-72.4%). Main reasons:
Sales after airdrop – Recent token unlocks from the Binance HODLer program have put selling pressure.
Negative funding rates – Bearish sentiment in the derivatives market indicates expectations of further decline.
Volatility after listing – New listings on Bithumb and Coinbase exchanges triggered a “sell on news” reaction.#Treehouse @Treehouse Official
