Tuft Token (TUFT), the native cryptocurrency of the Treasure NFT platform, has suffered a serious collapse in price and market confidence. The token has dropped by 57.71% within the final 24 hours and is now buying and selling at simply $0.00009651. Whereas price volatility will not be unusual in crypto, what’s extra alarming is that the TUFT liquidity pool has almost dried up — leaving solely $3.72 obtainable for buying and selling.
Liquidity Drops to Vital Degree, Making TUFT Virtually Untradable
The largest crimson flag surrounding TUFT immediately is its dangerously low liquidity. In accordance with reside information from PancakeSwap V2 on Binance Good Chain, the TUFT/USDT pair has simply $3.72 in liquidity. This implies any try to purchase or promote even a couple of {dollars}’ value of tokens might trigger large price swings. At this stage, TUFT is successfully illiquid — which means holders can now not exit the token with out main slippage or losses.
Such a pointy decline in liquidity suggests one in every of a number of eventualities: liquidity suppliers might have withdrawn assist, the event crew might need pulled funds, or the pool might by no means have been correctly funded. For buyers, this case raises considerations of a possible rug pull or a mission on the breaking point.
Market exercise has additionally collapsed alongside the token price. Over the previous 24 hours, the full quantity traded was simply $68.33, with 75 small transactions recorded. On common, that’s lower than $1 per transaction, displaying nearly no significant shopping for or promoting. This lack of demand confirms that investor curiosity has dried up.
Even when customers wished to purchase or promote TUFT, the mix of extraordinarily low liquidity and low quantity makes that almost not possible. The market is now frozen, and except there’s a clear effort to revive liquidity, the token might stay on this state indefinitely.
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Technical Indicators Present No Signal of Restoration
TUFT’s buying and selling indicators affirm that the market is weak. The Relative Energy Index (RSI) sits at 45.35, which is impartial, suggesting that the token is neither overbought nor oversold. Nevertheless, the MACD stays under the sign line, displaying no bullish momentum. The Bollinger Band Width (BBW) is at 1.78, reflecting very low-price volatility — uncommon for a token that simply fell almost 60%.
This mixture of TUFT’s token flat indicators and collapsing price means that there’s no shopping for stress to assist a rebound. The market seems to have entered a interval of stagnation, the place the token is technically alive however functionally inactive.
So, is TUFT going through a collapse? The info factors to a major problem. A token with simply $3 in liquidity and fewer than $70 in buying and selling quantity is now not useful as an asset. With no sturdy assertion from the Treasure NFT crew or contemporary capital getting into the liquidity pool, TUFT dangers changing into a lifeless token.