Celestia, a modular data network, experienced a three-day rise in value after developers shared details about an upcoming upgrade. The Celestia (TIA) token increased to $6.28, marking a 60% increase from its lowest point this year and bringing its market cap to $1.3 billion. This is still 72% below its all-time high. The network recently raised $100 million, bringing its total funding to $155 million, making it well-funded in the crypto industry. Celestia Labs unveiled the results of the Mammoth Mini testnet, another step towards handling 1-gigabyte blocks. The network will move to a public testnet before its mainnet launch in 2025. However, a potential risk is a large token unlock scheduled for Oct. 31, which could lead to dilution and affect existing token holders. Technical analysis suggests that if the TIA token breaks above the trendline, it could experience further gains, possibly reaching $10.



Other News from Today