According to BlockBeats, on September 15, Chris Burniske, former head of Ark Invest encryption and current partner of Placeholder VC, said on social media that he is still bullish on TIA, and those who are cowardly will only short it.

Burniske believes TIA is fundamentally underrated, noting that CelestiaOrg as an ecosystem is operating at full capacity with passionate and diverse developers.

He also mentioned that “evil VCs” who were given liquidity were unlikely to sell in October because they saw the progress of the ecosystem and the vision of the team.

Additionally, many of TIA’s biggest backers aren’t just looking at short-term gains. Buyers who have been sitting on the sidelines due to concerns about unlocking pressure will be spurred into action by positive price action and reduced uncertainty.