Celestia ($TIA ) will release $1.1 billion worth of tokens on October 31, as part of a broader $2 billion worth of crypto token unlocks planned for the month.
This release will include 175.75 million TIA tokens, representing 16.4% of its total supply, and marks one of the largest token unlocks in October.
These tokens are allocated to early contributors, Series A and B investors, research and development, and ecosystem enhancements.
Celestia, a modular blockchain project, is designed to allow users to easily launch their blockchains, with a vision of making this as simple as deploying smart contracts.
Despite the excitement, TIA's price has dropped significantly from its February peak of $20.85 to around $6.51, a decline of over 65%.
Other projects like Cheelee, a Web3 social network, will unlock $300 million worth of tokens earlier in October, alongside other significant releases from Aptos, Arbitrum, and Axie Infinity.
key details for Celestia ($TIA )
24-hour Price Range: $6.14 â $6.57
7-day Price Range: $5.22 â $6.76
All-Time High: $20.85 (reached on February 10, 2024)
All-Time Low: $2.08 (recorded on October 31, 2023)
