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South Korean Exchange Adds TREE Trading - My Perspective on Another Alt Season Signal
Just caught wind that one of the major South Korean exchanges has added TREE/KRW, BTC, and USDT trading pairs. Trading kicked off at 4 PM local time on August 28th.
Honestly, I'm watching this with mixed feelings. South Korean exchanges often lead the charge when alt season is brewing, and seeing TREE get this kind of attention might be another signal we're heading into frothy territory. The Korean market has historically been a bellwether for crypto trends - they don't call it the "Kimchi premium" for nothing!
TREE is up 2.26% while BTC is down slightly at -0.40%. Classic alt behavior during these market phases. The price action reminds me of 2021 when random tokens would pump just from exchange listings while Bitcoin consolidated.
Looking at the broader market, BTC is hovering around $109K and ETH just broke $4K again. This pattern feels eerily familiar - BTC stalls while alts run wild. I've seen this movie before and it rarely ends well for latecomers.
I'm skeptical about the sustainability of some of these alt rallies. When exchanges start rapidly listing new trading pairs, it often marks the later stages of a bull cycle. The smart money is probably already rotating positions.
Are retail traders about to get burned again chasing random tokens? The Korean market entrance typically attracts massive retail speculation. Just be careful out there - exchanges make money regardless of whether you win or lose on these trades.