Tread FDV above $40M one day after launch

Why

Probability fell sharply down to 45¢ (toward NO) over the last 24 hours, a 12.0pp shift. Resolution depends on using the total token supply multiplied by the token price — directional traders may be reading new information from that source.

What to verify

• Cross-check the resolution source: using the total token supply multiplied by the token price — https://x.com/tread_fi).
• Read recent large-trade flow on Orrery's market page — $5k+ trades show up alongside the move so you can tell if size is following the price or fading it.