Celestia's TIA Braces for Price Volatility Amid $900M Token Unlock
Briefly

The release of 175 million TIA tokens on Oct. 30 will significantly increase supply, potentially leading to volatility as the amount released is several times higher than average daily trading.
With the unlocking event happening, TIA’s price could see downward pressure, as historical trends show that token unlocks often result in price decreases due to increased availability for sale.
Core contributors and early investors will receive substantial allocations from this massive unlocking, highlighting the financial stakes involved and how such distributions can impact market dynamics.
The negative funding rates for TIA perpetual futures indicate a market sentiment leaning towards an expectation of declining prices, revealing the bearish outlook from traders.
Read at Coindesk
[
|
]