Celestia Foundation successfully raised $100 million in a new round of funding, bringing the total investment in the project to more than $155 million.
The deal was led by Bain Capital Crypto with participation from Syncracy Capital, 1kx, Robot Ventures and Placeholder Ventures.
This information is received by many investors as a positive signal about the development of Celestia and the growth potential of the TIA token in the coming time.
However, some analysts were quick to point out that the deal was not as transparent as it was reported.
Sisyphus, a famous KOL in the crypto field, pointed out doubts about this $100 million deal. Specifically, Sisyphus said that the deal actually took place many months ago in the form of selling TIA tokens through OTC transactions to investment funds, with a valuation of only $3.5 billion.
Notably, the majority of tokens exchanged through this deal will be unlocked on October 30, 2024, meaning that these investment funds can immediately sell TIA after more than 1 month.
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