Celestia, a modular blockchain, is set to face potential selling pressure by the end of October due to a major token unlock event. 175 million Celestia (TIA) tokens, valued at roughly $1 billion, will enter circulation, triggering bearish momentum for the TIA price. Early investors may be inclined to sell as TIA has underperformed and decreased by 70% from its all-time high. Additionally, increased activity on the Celestia network and declining fees indicate short-term pressure on the TIA token, but could be positive in the long term. The token could face a price decline of over 20% if positive activity and a broader altcoin rally do not materialize. However, a recent $100 million funding round led by Bain Capital Crypto has boosted the TIA price and increased positive sentiment. At the time of writing, TIA is trading at $6.12 with a market cap of $1.33 billion and a daily trading volume of $227 million.



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