CandleFocus

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

Blockchain infrastructure provider Celestia is set to release 176.2 million TIA tokens on October 30th, valued at $1.07 billion. This represents 80% of the current circulating supply and may have an impact on TIA's market due to the introduction of a large number of tokens. 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. The release could potentially affect TIA's price and market cap in the short term. Investors are closely watching the release for potential price shifts and market fluctuations. The transparency of the token distribution could greatly influence investor sentiment.

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