- Celestia will release 176.2M TIA tokens worth $1.07B on October 30, increasing supply.
- Private investors and the team will receive the majority of the newly unlocked tokens.
- The release may cause market volatility as it adds 80% more TIA tokens to circulation.
Celestia will release 176.2 million TIA tokens on October 30th. These tokens are valued at $1.07 billion, representing 80% of the current circulating supply. This event may impact TIA’s market by introducing a large number of tokens.
Private investors will receive 117.38 million TIA tokens worth $712.5 million, while the founders and team will receive 58.21 million TIA tokens worth $353.35 million.
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TIA’s current price is $5.92, having decreased by 2.37% over the past 24 hours. Celestia’s market cap stands at $1.30 billion, and its 24-hour trading volume is $158.48 million. The token release, supposedly, could affect these figures.
The total supply of TIA tokens is 1.08 billion. The release will increase the circulating supply, which is currently 219.73 million TIA tokens.
Celestia’s Focus and Potential Market Fluctuations
Celestia provides modular blockchain infrastructure. The project has gained attention for its unique approach, and this release is part of its planned growth.
Token releases can cause market fluctuations. Investors are watching this release for a potential TIA price shift, as large amounts of token release increases selling pressure.
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The upcoming release includes details about internal team token allocations; alluded to above, potentially giving investors a clearer understanding of the upcoming token distribution. This transparency greatly influences investor sentiment.
Market participants are closely watching the release date. Key factors include whether investors choose to hold or sell their tokens. The potential increase in circulating supply could impact TIA’s price in the short term.
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