Threshold’s T closed at 0.00634, up 37% in 24 hours. Trading volume was $12 million—121 times its usual level—with a market cap just over $80 million. That kind of volume in a coin nobody usually talks about really stands out.
It focuses on cross-chain Bitcoin, through the tBTC project, and T is used for staking and governance. It surged during the day, then gave back 20%. Aggressive buying still hasn’t outweighed selling, and overhead sell pressure has persisted during the rally. It looks like someone lit a fire, but there wasn’t enough follow-through.
Token holdings are highly concentrated: the top 10 addresses hold 78%. On-chain liquidity pools contain only a little over $10,000, and almost all trading takes place on exchanges. Among Binance KYC users, only around 60 hold the token. Their average selling price is 0.0124, nearly twice the current price, while those who bought near the earlier highs are still underwater.
It focuses on cross-chain Bitcoin, through the tBTC project, and T is used for staking and governance. It surged during the day, then gave back 20%. Aggressive buying still hasn’t outweighed selling, and overhead sell pressure has persisted during the rally. It looks like someone lit a fire, but there wasn’t enough follow-through.
Token holdings are highly concentrated: the top 10 addresses hold 78%. On-chain liquidity pools contain only a little over $10,000, and almost all trading takes place on exchanges. Among Binance KYC users, only around 60 hold the token. Their average selling price is 0.0124, nearly twice the current price, while those who bought near the earlier highs are still underwater.