Celestia’s $1B Token Unlock: Will It Trigger a TIA Sell-Off?

Celestia will release 176.2 million TIA tokens on October 30th. These tokens are valued at $1.07 billion, representing 80% of the current circulating supply. This event may impact TIA’s market by introducing a large number of tokens.

🌟 $TIA Investor and Team Supply Release on October 30th 🌟

On October 30th, $TIA will release 176.2m tokens valued at $1.07 billion, representing 80% of its circ. supply

Here’s a breakdown by allocation:

• Private Investors (Seed + Series A & B): 117.38M $TIA ($712.5M)
•… pic.twitter.com/WtIXl08A6G

— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) October 24, 2024

Private investors will receive 117.38 million TIA tokens worth $712.5 million, while the founders and team will receive 58.21 million TIA tokens worth $353.35 million.

Read also : $5 Billion Crypto Unlock Could Shake Markets This October

TIA’s current price is $5.92, having decreased by 2.37% over the past 24 hours. Celestia’s market cap stands at $1.30 billion, and its 24-hour trading volume is $158.48 million. The token release, supposedly, could affect these figures.

The total supply of TIA tokens is 1.08 billion. The release will increase the circulating supply, which is currently 219.73 million TIA tokens.

Celestia’s Focus and Potential Market Fluctuations

Celestia provides modular blockchain infrastructure. The project has gained attention for its unique approach, and this release is part of its planned growth.

Token releases can cause market fluctuations. Investors are watching this release for a potential TIA price shift, as large amounts of token release increases selling pressure.

Read also : Crypto Market to See $1.4 Billion in Crypto Unlocks This Week: Impact on Prices?

The upcoming release includes details about internal team token allocations; alluded to above, potentially giving investors a clearer understanding of the upcoming token distribution. This transparency greatly influences investor sentiment.

Market participants are closely watching the release date. Key factors include whether investors choose to hold or sell their tokens. The potential increase in circulating supply could impact TIA’s price in the short term.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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