
Celestia is preparing for a significant token unlock event on October 30, which will release $1.05 billion worth of TIA tokens, representing 81.94% of its circulating supply. This event is expected to initiate a daily emission of nearly $6 million in tokens over the next year. Despite this looming token unlock, TIA has been charting a market-beating rally this month, even as a $1.13 billion token unlock looms. The crypto community has shown mixed reactions, with some expressing backlash over Celestia's OTC token sales.
Celestia has a monster token unlock coming up soon: "Celestia is set to unlock $1.05 billion worth of TIA tokens on October 30, representing 81.94% of its circulating supply. This will initiate a daily emission of nearly $6 million in tokens for the next year."…
October preview: Celestia set to unlock $1 billion in tokens alongside these projects https://t.co/mOauFZS5oQ
CRYPTO FUNDING: Celestia and a16z made some waves with announcements this week https://t.co/HEWr35Guqf