2024-11-08 00:53
IndustryCelestia's TIA suffers nearly 10% loss
Celestia's 176 million unlocked TIA tokens are causing FUD among investors.
Taran Sabharwal clarified that not all unlocked tokens will immediately be available for sale.
TIA could trigger a massive correction if it fails to bounce off the $4.506 support level.
Celestia (TIA) is down about 9% following increased negative sentiment surrounding its cliff unlock, which is worth about 176 million TIA tokens. The token could see a correction if it fails to bounce off the $4.506 level.
TIA unlock stirs FUD among investors
Celestia unlocked 176 million TIA on Wednesday in a cliff unlock representing 80% of its current supply.
Cliff unlocks are events where a crypto project releases vested tokens to investors, community members or advisors after a lockup period. It can lead to sharp price declines in a token if demand fails to catch up with the new supply.
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Celestia's TIA suffers nearly 10% loss
| 2024-11-08 00:53
Celestia's 176 million unlocked TIA tokens are causing FUD among investors.
Taran Sabharwal clarified that not all unlocked tokens will immediately be available for sale.
TIA could trigger a massive correction if it fails to bounce off the $4.506 support level.
Celestia (TIA) is down about 9% following increased negative sentiment surrounding its cliff unlock, which is worth about 176 million TIA tokens. The token could see a correction if it fails to bounce off the $4.506 level.
TIA unlock stirs FUD among investors
Celestia unlocked 176 million TIA on Wednesday in a cliff unlock representing 80% of its current supply.
Cliff unlocks are events where a crypto project releases vested tokens to investors, community members or advisors after a lockup period. It can lead to sharp price declines in a token if demand fails to catch up with the new supply.
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