Celestia (TIA) is set to unlock $929,000 worth of tokens on October 20, primarily benefiting early investors and core contributors. The distribution will see 80% of the tokens allocated to seed, A, and B round investors and contributors. Despite a 44% decline in TIA's price over the past month, spot buyers held $5.49 million in TIA last week, marking the highest trading volume since August 13, indicating cautious optimism.
However, the market sentiment remains mixed as negative funding rates and balanced liquidity suggest weak momentum. TIA is currently trading near $5, having dropped 1.78% in the last 24 hours, reflecting the uncertainty surrounding the upcoming token unlock.
Celestia to Unlock $929,000 in Tokens Amid Mixed Market Sentiment
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