The post attention to the unlocking of TIA tokens appeared on BitcoinEthereumNews.com.

Today, Wednesday, October 30, 2024, 175 million TIA tokens of Celestia will be unlocked.  Given that the current circulating supply is 220 million tokens, today’s unlock will suddenly increase it by about 80%. Celestia and the native token TIA Celestia is a crypto project launched about a year ago. It is a level 1 blockchain with an innovative modular architecture that separates execution from consensus, allowing for better efficiency and scalability. In this way, it acts as a data availability layer for rollup and layer 2, to improve their performance and scalability.  The project has garnered a lot of interest thanks to its innovative technological approach, so much so that it has raised 155 million dollars in funding.  Its goal is to provide a new tool for easy implementation of new blockchains, thus allowing developers to experiment and innovate without the typically high costs associated with the development of new blockchains.  The native cryptocurrency of Celestia is TIA, whose total supply is about 1 billion tokens. Price performance of the TIA token (Celestia) Up to now, of the billion TIA tokens created, only 220 million have been released, which is just over 20%. With today’s unlocking, the percentage rises to just under 40%, and this means that in the coming years, many more unlockings will occur.  TIA debuted on the crypto markets in November 2023 at a price of about $2.3. Thanks to the bull run at the end of 2023/beginning of 2024, its price in February even reached $20, almost tenfold in three months.  However, that was evidently a mini-bubble, and in fact, it already started to burst in March.  In July, the post-bubble decline was already over, and at that point, the price had still remained above the initial one.  Then, however, from the 4.8$ in July there…

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Filed under: News - @ October 30, 2024 10:22 am