
The recent downturn in Celestia's token economics has led to the token's market value falling drastically. Unexpected market flooding caused by token unlocks has resulted in a 90% drop. The continued devaluation of Celestia's TIA token may stem from the aggressive token unlocking and airdrop events, which have been met with considerable criticism.
Meanwhile, the Celestia Foundation has purchased Polychain's remaining stake in TIA, worth an impressive $62.5 million. Despite concerns, the co-founder of Celestia is considering discontinuing staking due to the steep drop in the TIA token's value, a bold move that's intended to steady the token's economic balance.
Further, Hachette is set to bring Celestia to market, a move that could help buoy the currency. The currency is being compared to XRP, the cryptocurrency backed by Ripple, predicting that both could dominate the market by 2025. The increasing demand for AI and implementation of 'Lazybridging', an innovative technique designed to improve transfer times, are also positive developments.
Celestia News Analytics from Wed, 11 Sep 2024 07:00:00 GMT to Tue, 05 Aug 2025 14:41:49 GMT - Rating -3 - Innovation 5 - Information 7 - Rumor -3