TREE has just surpassed the half-billion-dollar milestone in total value locked, generating a lot of buzz. But is this the start of a strong rally or a temporary pump before a drop? Let's break down the key points so you can make your decision.
Now claiming over $500 million locked, but market sentiment is mixed.
What’s happening:
🔹 1. Price spikes, then pullbacks
August 1, surpassing $0.60 (+30%) but returns to $0.53 as traders take profits. The chart shows a classic cup-and-handle pattern — if buyers jump in again, we could move towards $0.75.
🔹 2. Binance Loan Boost
Tokens have been enabled as collateral for Binance loans. This could increase demand and liquidity but may also cause sharp price fluctuations.
🔹 3. Airdrop Sell-Off Risk
$750,000 worth of ETH was airdropped to stakeholders. After listing, the price drops 42%, and additional selling pressure may arise as more tokens enter the market.
What to watch for:
If TREE's ecosystem continues to grow rapidly, it could absorb selling pressure. Once staking begins, prices could stabilize — or remain volatile.
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