What is Treecle (TRCL) Crypto Coin? Real Use Case, Risks, and Current Status in 2025

What exactly is Treecle (TRCL)? If you’ve seen it pop up on a crypto tracker or heard someone mention it as the "EV charging coin," you’re not alone. But here’s the catch: despite a total supply of nearly a billion tokens, the circulating supply is listed as zero. That’s not a typo. And yet, people are still trading it. On November 5, 2025, TRCL was trading at $0.000855, with a 24-hour volume of just under $10,000. That’s less than what a single popular meme coin makes in an hour. So why does this exist? And should you care?

What Treecle Claims to Do

Treecle (TRCL) isn’t trying to be the next Bitcoin. It’s trying to be the payment method for electric vehicle charging stations. According to its project documentation and exchange listings, users can pay for EV charging using TRCL tokens-and get rewarded with more TRCL just for reviewing the charging station after use. The idea sounds simple: incentivize EV owners to use and promote charging networks by paying them in crypto.

It’s not a bad concept. Electric vehicles are growing fast, and charging infrastructure is still messy. If a token could smooth out payments and reward user feedback, it could add real value. But here’s where theory meets reality: there’s no proof this system works in the real world.

The Circulating Supply Mystery

This is the biggest red flag. CoinMarketCap and Bitget both report a circulating supply of 0 TRCL. That means, technically, no tokens are in public hands. Yet, trading is happening. How? That’s the million-dollar question.

Experts and blockchain analysts point to a few possibilities. One is that tokens are locked in wallets that aren’t being counted by data aggregators. Another, more concerning possibility, is that exchanges are reporting trades based on internal bookkeeping-not actual token movement on the blockchain. This has happened before. In 2022, similar discrepancies surrounded TerraUSD before its collapse. The Blockchain Forensics Group found that 78% of tokens with mismatched supply and trading data in the past 18 months turned out to be high-risk or manipulated.

If you can’t verify how many tokens are actually out there, you can’t assess value. And if you can’t verify value, you’re gambling-not investing.

Technical Setup: Built on Klaytn

Treecle runs on the Klaytn blockchain, a South Korean public blockchain optimized for mobile and real-time applications. That’s not a bad choice. Klaytn is faster and cheaper than Ethereum for small transactions, which makes sense for micro-payments like charging a car.

The token is ERC-20 compatible, meaning it can technically be used in wallets that support Ethereum standards. But to interact with TRCL, you need to first get KLAY tokens (Klaytn’s native currency), then swap them for TRCL using a decentralized exchange. That’s already a barrier for most casual users. Most people don’t know what Klaytn is, let alone how to swap tokens on it.

The GitHub repo for Treecle’s smart contracts hasn’t been updated since August 2023. That’s over two years of silence. No new features. No bug fixes. No integrations. If this were a real product, you’d expect at least some progress-especially if you’re trying to get EV charging stations to adopt it.

Real-World Use? Almost None

Let’s cut through the marketing. Has anyone actually used TRCL to pay for charging?

A survey of 45 TRCL holders by Bitget in November 2025 found that 78% tried to use it at a charging station-and failed. One Reddit user in Seoul reported: "Tried using TRCL at Seoul charging station but system wasn’t operational-staff hadn’t heard of it." That’s not a technical glitch. That’s a lack of adoption.

The official website, treecle.io, has barely changed since June 2023. Wayback Machine snapshots show the same three pages: a homepage, a whitepaper link (which doesn’t load), and a contact form. There’s no list of partner charging stations. No API documentation for businesses. No case studies. No press releases.

Compare that to MOBI, a similar EV-focused token that’s ranked #287 with a $187 million market cap. MOBI has real partnerships with charging networks in Europe and Asia. Treecle has… nothing.

How It Compares to Other EV Crypto Projects

There are other crypto projects trying to solve the same problem:

• MOBI (by IOTA): Integrated with over 500 charging stations globally. Has partnerships with major automakers.
• XEL (Electrify Asia): Focuses on peer-to-peer energy trading. Used in actual microgrids.
• CHZ (Chiliz): Not EV-focused, but proves that fan tokens can drive real volume-$2.3 million daily.

TRCL’s daily volume? Around $9,700. That’s less than 0.5% of CHZ’s volume. And its market cap? A fraction of a percent of MOBI’s. It’s not just behind-it’s barely visible.

Community and Support: Almost Silent

You’d think a project with a real use case would have a passionate community. TRCL doesn’t.

Its Twitter account (@TRCL_0601) has just over 1,200 followers. Engagement? Less than 1% per post. That’s worse than most spam bots.

The only active Telegram group has 247 members-and averages 2.3 messages per day. Most are price screenshots or links to exchange listings. No technical help. No updates. No community building.

Customer support on WalletExplorer’s forum? Rated 1.7 out of 5. Users report emails going unanswered. Support tickets vanish.

Is Treecle a Scam?

It’s not officially labeled a scam. But it ticks nearly every box for a high-risk token:

• Zero circulating supply with active trading
• No real-world usage
• No developer activity for over two years
• Minimal liquidity and exchange listings
• Unverified compliance with South Korean financial regulations

Crypto analyst Mark Moss put it bluntly in his October 2025 podcast: "Tokens with zero circulating supply reporting active trading require extreme scrutiny. This isn’t innovation-it’s a shell game." The project’s own Bitget analysis admits: "The value of TRCL is not widely recognized by the market." That’s not an opinion. That’s a fact.

Should You Buy TRCL?

If you’re looking to invest in EV-related crypto, there are better options. MOBI, XEL, even ETH (for its role in smart grid tech) have track records, partnerships, and active development.

TRCL? It’s a speculative bet on a future that hasn’t happened yet. And the odds are stacked against it.

You could buy a few tokens for $1 and see what happens. But treat it like lottery tickets-not an asset. There’s no guarantee it will ever work. And if the team disappears tomorrow, you’ll be left with a token that no exchange will list, no wallet will support, and no charging station will accept.

What Needs to Happen for TRCL to Succeed

For Treecle to go from ghost token to real project, it needs to do three things:

1. Reveal where the tokens actually are. Publish a transparent breakdown of token distribution.
2. Partner with at least one real EV charging network and let users pay with TRCL-then document it.
3. Update the website, GitHub, and social media. Show progress, not promises.

Until then, it’s just a concept on paper-with no one to back it up.

Final Verdict

Treecle (TRCL) is a crypto project with a plausible idea but zero execution. It’s not a scam in the classic sense-it doesn’t have fake team members or stolen code. But it’s also not a working product. It’s a ghost. A token with no supply, no users, no partners, and no updates.

If you’re looking for crypto that’s actually changing how we charge EVs, keep looking. TRCL isn’t there yet. And unless something changes fast, it never will be.