Bitcoin News Today: Treehouse’s Upbit Listing Ignites Volatility and Global Exposure

Upbit, one of South Korea’s leading cryptocurrency exchanges, announced the listing of Treehouse (TREE) on its platform, with trading set to commence on August 28 at 4:00 PM UTC. The new listing introduces three trading pairs: TREE/KRW, TREE/BTC, and TREE/USDT. This expansion enhances liquidity and accessibility for Treehouse, offering traders flexibility across fiat and crypto-based options. Treehouse, a cryptocurrency project with a circulating supply of 160 million tokens, has recently seen notable price movements, reaching a 30% increase in the past week after hitting a $0.6068 price point following a $500 million milestone for its ecosystem [1].

The inclusion of Treehouse on Upbit is expected to elevate the token’s visibility and trading activity, leveraging the exchange’s large user base and established reputation. Historical trends suggest that listings on major platforms often correlate with increased trading volumes and price volatility, as observed in Treehouse’s 580% surge in 24-hour trading volume to $162 million [1]. The availability of KRW pairs is particularly significant for South Korean investors, who represent a key demographic in the region’s active crypto market. Simultaneously, BTC and USDT pairs cater to a broader international audience, offering exposure to Bitcoin and a stablecoin alternative [2].

Treehouse’s market capitalization currently stands at $768.13 BTC, ranking it at 574 on CoinGecko. Its fully diluted valuation (FDV) is $4,920 BTC, assuming all 1 billion tokens are in circulation. While the current circulating supply is significantly lower than the maximum supply, the project’s potential growth is tied to tokenomics that may take years to fully realize [1]. Analysts have noted that the token’s performance over the past seven days has outperformed both the broader cryptocurrency market and similar Ethereum-based projects, indicating strong short-term momentum.

The addition of TREE to Upbit reflects the platform’s ongoing strategy to diversify its cryptocurrency offerings and attract new investors. The exchange has positioned itself as a hub for innovation and liquidity, with new listings frequently driving interest and participation. For Treehouse, the listing represents a validation of its market potential and could lead to increased adoption, particularly among traders seeking exposure to emerging tokens with robust ecosystem development [2].

Traders looking to participate in the listing should be prepared for potentially high volatility, as new assets often experience erratic price movements in the immediate aftermath of listing. Upbit users will need to ensure their accounts are verified and that they are familiar with the trading pairs before the official launch. Additionally, given the environmental and technical factors that influence crypto trading, investors should remain cautious and monitor market conditions closely in the days leading up to and following the listing [1].

Source:

[1] Treehouse Price: TREE Live Price Chart, Market Cap & ... (https://www.coingecko.com/en/coins/treehouse)

[2] Exciting News: Upbit Treehouse Listing Unlocks New ... (https://bitcoinworld.co.in/upbit-treehouse-listing/)