2 days left for $900 million unlock in Celestia (TIA): Will there be selling pressure?

Celestia (TIA), which broke a historical record by rising to $20 at the beginning of the year, continues its large token openings. The project will include nearly $1 billion worth of tokens in circulation on Wednesday.

2 days left for $900 million unlock in Celestia (TIA): Will there be selling pressure?

Celestia (TIA), a modular data network where users can securely create their own blockchains, will be signing another major token unlock this week. 176 million TIA tokens will be released into circulation on Wednesday.

These tokens will be distributed to supporters in the seed investment period and the first core participants. Considering that there are currently around 220 million tokens in circulation, the rate will have increased by around 80%. This could create selling pressure on the price.

The TIA price, which has fallen by 5% in the last 24 hours, may now be feeling the pressure of this $900 million opening.

TIA was a project that especially attracted the attention of the Turkish crypto community. The token price rose to $20 in February, when Bitcoin was seriously rising, breaking a historical record.

TIA is trading at $5.1 at the time the news was written.

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