Countdown in popular altcoin: $1.1 billion unlock!

Celestia ($TIA ), which has increased by nearly 55 percent in the last two weeks, will unlock $1.1 billion in October.

While the rise in the crypto market continues, the unlock schedule of some altcoins has created anxiety. Celestia, in particular, will almost double its circulating supply after its striking price performance in September. While opinions are shared that unlocking may create selling pressure, the TIA price has risen above $6.

On October 31, 175.75 million TIA, corresponding to 17.57 percent of the total supply, will be unlocked. The unlock in question constitutes 82.28 percent of TIA's current market value.

The coins to be unlocked will be distributed to the project's first stage participants, research and development. TIA will also be allocated to those who participate in investment rounds and seed rounds.

Celestia, which became popular in the last quarter of 2023, quickly saw the $20 level. The modular network, which helps users create their own blockchains, has continued to attract attention since its launch.

In addition to Celestia's (TIA) massive unlock, many altcoins will also mark October with unlocks.

According to on-chain data, a Web3 social network project called Cheelee (CHEEL) will sign a $300 million token unlock on October 10. The tokens in question will be distributed to project advisors, reserve fund, marketing, liquidity, team and community. Cheelee suspended withdrawals for social app rewards on September 20 and re-enabled them on September 24.

In October, Aptos ($APT ) will unlock $90 million. Arbitrum, Axie Infinity, ImmutableX, and GateToken are also expected to unlock around $70 million, while Internet Computer and Ethena Labs will host $20 million worth of unlocks.

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