🚨 **Tonight, 176 million TIA tokens will be unlocked. How will the market respond to the pressure?** 🚨
On October 30, news broke that Celestia ($TIA) is about to unlock 176 million tokens, accounting for 79.75% of the current circulating supply, approximately $941 million! About 92.3 million TIA will soon enter market circulation, which could create immense selling pressure in the spot market.
🔸 Taran, founder of the OTC platform STIX, warns: The TIA that has entered the 21-day unlocking queue, along with the amount unlocked early, totaling 92.3 million, will flow into the market, forming a potential upper limit of selling pressure, about $460 million! This is undoubtedly a potential risk point for short-term holders.
🧐 Multiple impacts on the market:
Increased short-term selling pressure: After the unlocking, tokens intending to trade on October 31 have already been unlocked, and the selling sentiment may elevate the pressure in the spot market. Long-term layout opportunities? Amid the risks brought by fluctuations during the unlocking period, some long-term investors may see new layout opportunities, utilizing lower prices to increase their positions.
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