2024-10-30
Celestia's TIA token is bracing for
potential price volatility as 175 million of locked TIA tokens worth $900
million are set to be unlocked on October 30.
Core contributors will receive 58
million tokens ($298 million), the project's series A and B
funding rounds’ investor will receive 65 million tokens ($332 million) and
lastly 52 million tokens ($268 million) allocate to seed investors.
This release will increase the token's
supply by 80%, which could lead to market impact.
Given the large number of tokens being
unlocked, traders are cautious, with some expecting increased selling pressure
while others remain optimistic about a potential rally due to crypto market's
positive momentum.
