Celestia's TIA Coin has been
experiencing significant price volatility, largely owing to the unlocking of $900M worth of tokens. The crypto market is braced for a wave of token unlocks amounting to $1.5B across TIA, SUI, SOL, and others. Token unlocks usually increase volatility, and in the case of TIA, this resulted in a 23% dip in its price over seven days, ahead of $853M unlocking. However, speculations hint at a potential
breakout, presenting possibilities of a
231% gain for TIA. Despite the lockdowns, Celestia's TIA has posted its most significant monthly
gain this year, a surge attributed to a speculative $1.13B token unlock. On the flip side, a considerable portion of traders and investors is hedging their positions in anticipation of potential inverse price action.
Blockchain Data-Availability Project Celestia has succeeded in raising $100M, hinting at robust fundamentals. Despite the concerns over enormous token unlocks, the TIA prices are persistently holding up, indicating strong investor confidence. The successful launch of the
mainnet has also instigated a leap of over 21% in the TIA token price, showcasing the market's positive sentiment towards advancements and updates from Celestia.
TIA Coin News Analytics from Thu, 11 Apr 2024 07:00:00 GMT to Mon, 09 Dec 2024 13:00:55 GMT -
Rating 4
- Innovation 8
- Information 9
- Rumor -2
