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.
$TIA Investor and Team Supply Release on October 30th
On October 30th, $TIA will release 176.2m tokens valued at $1.07 billion, representing 80% of its circ. supply
Here's a breakdown by allocation:
• Private Investors (Seed + Series A & B): 117.38M $TIA ($712.5M)
•… pic.twitter.com/WtIXl08A6G
— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) October 24, 2024
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.
Read also : $5 Billion Crypto Unlock Could Shake Markets This October
TIA’s current price is $5.92, having decreased by 2.37% over th…
The post Celestia’s $1B Token Unlock: Will It Trigger a TIA Sell-Off? appeared first on Coin Edition.
