The TIA token has experienced a dramatic 98.5% decline from its peak, driven by a significant increase in circulating supply and a cooling crypto market. Initially soaring to $20.85 in February 2024, TIA's price has now fallen to $0.32, with its market cap at approximately $280 million and a 24-hour trading volume of $21 million. The token's supply has expanded from 141 million to over 878 million, contributing to its price collapse.
Despite the downturn, Celestia continues to advance its technical capabilities, focusing on its "Fibre Blockspace" protocol and OnchainDB integration to support AI-driven data markets. As a modular blockchain, Celestia aims to enhance data availability and scalability for rollups, potentially positioning TIA for future growth if modular blockchains gain traction in the evolving Web3 landscape.
TIA Token Plummets 98.5% Amid Supply Surge and Market Downturn
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