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Investors believe that fears about Celestia’s (TIA) major token unlock in October are overblown.
One investor criticized the negative rumors circulating in the market, stating that he maintained his long position during TIA’s short-term downtrend. In particular, he argued that expectations that “malicious VCs” (venture capital funds) would sell TIA because they would reach liquidity are overblown.
According to Chris Burniske, there are some important points that many people overlook. He listed them as follows:
1- The Celestia ecosystem is rapidly advancing with ideologically dedicated developers, which is similar to the energy of Bitcoin, Ethereum, and Solana in their early days.
2- Large investors who will reach liquidity in October are not expected to sell their tokens due to the progress in the ecosystem.
3-When the unlock occurs, short position holders who realize that the expected selling pressure in the market is not there may suffer serious losses.
4- Buyers who are wary of unlocking may start to enter the market as uncertainty decreases and prices move positively.
5- The TIA market may recover from its current semi-paralysis.
Celestia stands out as a blockchain that offers “modular data availability” that allows users to launch their own chains. As of now, TIA is trading at $5.01 and has a market value of $968 million.
