TLDR
END's price faces bearish pressure short-term due to post-launch volatility but could rebound with game adoption and token utility, though inflation risks loom.
- Post-launch sell-off drives -51% price drop in 24h
- Treeverse S2 launch (date TBA) to introduce major token sinks
- 31.1% circulating supply risks dilution if unlocks accelerate
Deep Dive
1. Project-Specific Catalysts
The 7 July 2025 transfer activation enabled trading after a 3-day claim period, triggering a -51% price plunge to $0.0179 as early holders likely took profits. However:
- Treeverse Season 2 will introduce exclusive cosmetics/features requiring END, creating sustained demand
- 6.25M VC backing suggests development runway, but unlocks could pressure price
- Immutable zkEVM integration via Axelar bridge improves accessibility but exposes END to IMX token volatility
2. Market & Competitive Landscape
As a gaming token in the $26.31B "others" dominance segment (per 8 July 2025 data), END competes with established metaverse tokens. Bullish factors:
- Altcoin season index at 26 shows potential rotation into small caps
- Zero-gas Immutable X NFT trades could attract Treeverse players
Bearish factors:
- 155.5M circulating supply leaves 344.5M tokens (69%) as potential sell pressure
- Gaming token median 30d return of -22% (via IntoTheBlock) signals sector headwinds
3. Sentiment & Social Metrics
- 582% 24h volume surge to $1.18M signals high volatility but thin order books
- Foundation’s active X/Twitter updates (4 posts in 5 days) show community focus
- 2.767% airdrop to S1 players distributed on 7 July may create sell pressure from casual gamers
Conclusion
END’s trajectory hinges on balancing Treeverse’s player growth against token supply dynamics, with the S2 launch being the next make-or-break event. Monitor the circulating supply changes and IMX bridge activity through July.
Will Treeverse’s mobile-first MMORPG design attract enough players to offset early investor exits?