Anon

Stats

Cheelee

Billion

Celestia

<p>&nbsp;</p> 
<h4><strong>On October 31st, Celestia will release tokens worth a whopping $1.1 billion. </strong></h4> 
<p>Additionally, $300 million in Cheelee tokens will be available starting on October 31st. Let’s discover more about this important crypto unlock. First, let’s see what is Celestia.</p> 
<h5><strong>What Is Celestia?</strong></h5> 
<p><a href="https://celestia.org/" target="_blank" rel="noopener">Celestia</a> is a unique network designed to help users easily launch their blockchains. The founders of Celestia wanted to make blockchain development simple for everyone. Their goal is to make it possible for developers to launch their blockchains just like deploying smart contracts, which are small pieces of code that can perform tasks automatically.</p> 
<p>As of now, 175.75 million Celestia TIA tokens are being unlocked, which will take a significant chunk out of October’s total token releases. According to <a href="https://dropstab.com/coins/celestia/vesting" target="_blank" rel="noopener">DropsTab</a>, a crypto vesting tracker, these tokens will go to the project’s initial core contributors, research and development teams, and early investors.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><a href="https://twitter.com/search?q=%24TIA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TIA</a> Token Unlock: Looming Crisis ?</p> 
 <p>Despite being down 80% from its ATH, <a href="https://twitter.com/search?q=%24TIA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TIA</a> is still up 1x since its listing. But a massive unlock is coming soon, raising concerns over a potential crisis</p> 
 <p>Key Stats <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f5dd.png" alt="🗝" class="wp-smiley" style="height: 1em; max-height: 1em;"> :<br> With a circulating market cap of ~$870M, which represents only 20% of the… <a href="https://t.co/khwFmhgITj">pic.twitter.com/khwFmhgITj</a></p> 
 <p>— Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1833076383096185239?ref_src=twsrc%5Etfw">September 9, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The Celestia tokens have experienced some ups and downs. Earlier this year, the <a href="https://www.coingecko.com/en/coins/celestia" target="_blank" rel="noopener">price of TIA</a> reached an all-time high of $20.85 on February 10TH. However, it has been on a downward trend since then, currently priced at around $6.51.</p> 
<h5><strong>What This Means for Investors</strong></h5> 
<p>The upcoming release of $1.1 billion worth of Celestia tokens and the $300 million in Cheelee tokens could shake things up in the crypto world. For investors, this means more opportunities to get their hands on new tokens. It’s a chance to potentially buy into projects that could grow in value over time.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">You still staking TIA ?</p> 
 <p>Unlock comes in about 40 days btw <a href="https://t.co/RalTCRl4i8">pic.twitter.com/RalTCRl4i8</a></p> 
 <p>— Anon Vee (@AnonVee_) <a href="https://twitter.com/AnonVee_/status/1838298724378050582?ref_src=twsrc%5Etfw">September 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>However, investors need to keep their eyes peeled. The release of so many tokens at once can lead to changes in price. If many people decide to sell their tokens right after they are unlocked, the prices could drop further.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/octobers-crypto-unlock-1-1-billion-in-celestia-tokens/">October’s Crypto Unlock: $1.1 Billion in Celestia Tokens</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

October’s Crypto Unlock: $1.1 Billion in Celestia Tokens

Altcoin Buzz

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