Venture capitalist Chris Burniske remains optimistic about the altcoin Celestia (TIA), despite its significant decrease in value. Burniske believes that the fear surrounding the upcoming token unlock for TIA in October is exaggerated and that the ecosystem of Celestia is thriving with committed builders. He argues that the investors who receive liquidity are unlikely to sell off their holdings due to the positive momentum and long-term goals of the project. Burniske anticipates that when the token unlock occurs, the shorts will be overwhelmed by buyers reassured by positive price action and reduced uncertainty. Celestia aims to be a scalable blockchain for data availability, allowing users to launch their own chains. As of now, TIA is trading at $4.84 with a market cap of $1.02 billion.



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