Despite a significant drop of 80% from its all-time high (ATH), $TIA remains double its value since its initial listing.
However, the token is facing concerns due to a looming token unlock, which could spark a market crisis.
Key Figures đď¸:
$TIA currently holds a circulating market cap of approximately $870 million, representing just 20% of its total supply. Its fully diluted market cap, reflecting the total token supply, is a substantial $4.4 billion, underscoring the large quantity of tokens that remain locked.
Unlock Timeline đ:
A major unlock event is scheduled for October 31, when 175 million $TIA tokensâabout 16.5% of the total supplyâwill be released. Following this, starting November 1, an additional 1 million tokens will enter circulation daily, steadily increasing supply in the market.
$TIA Token Unlock: Looming Crisis ?
Despite being down 80% from its ATH, $TIA is still up 1x since its listing. But a massive unlock is coming soon, raising concerns over a potential crisis
Key Stats đď¸ :With a circulating market cap of ~$870M, which represents only 20% of the⌠pic.twitter.com/khwFmhgITj
â Token Unlocks (@Token_Unlocks) September 9, 2024
By the end of next year, the total supply is projected to surge by approximately 390%. If demand does not rise in tandem, this flood of tokens could create significant downward pressure on the price. The question remains: Will $TIA be able to withstand this potential shock, or will the market need to recalibrate to handle the increased supply?
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The post $TIA Faces Major Unlock Event: Can It Survive The Incoming Supply Surge? appeared first on The Merkle News.
