Celestia and other projects like Sui and Aptos are set for a massive
token unlock worth
$1.3 billion in the next month. This comes shortly after the successful
funding round where the Celestia Foundation raised
$155 million. Consequently, Celestia's TIA posted its biggest monthly gain this year, despite concerns over a
$1.13 billion token unlock which spurred hedging. Besides the funding from retail investors, the foundation also secured
$100 million capital led by
Bain Capital Crypto. Celestia's Foundation is set for another token unlock worth
$1 billion, this is alongside other notable projects also scheduled for an unlock in October. The token TIA has gained traction with a
14% spike after the fundraising announcement. However, some quarters have flagged possible correction risks owing to the impending significant token unlock. In development news, the Celestia Foundation is making strides in modular
blockchain technology. Celestia is being hailed for breaking its macro falling trend by securing a $100 million funding led by Bain Capital Crypto. However, the TIA token saw a decline despite the successful funding round. Among the planned developments is a roadmap that reveals a plan for
1-gigabyte blocks and a Blobstream that has gone live on the Ethereum mainnet. Predictions on TIA price performance point to an increasingly bearish trend given the impending massive token unlock.
Celestia News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Wed, 02 Oct 2024 12:40:55 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -2
