{"id":172319,"date":"2024-09-27T16:48:34","date_gmt":"2024-09-27T16:48:34","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172319"},"modified":"2024-09-27T16:48:37","modified_gmt":"2024-09-27T16:48:37","slug":"celestia-tia-continues-to-rise-as-massive-2-billion-unlocking-looms-in-october","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/celestia-tia-continues-to-rise-as-massive-2-billion-unlocking-looms-in-october\/","title":{"rendered":"Celestia (TIA) continues to rise as massive $2 billion unlocking looms in October"},"content":{"rendered":"<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/strong><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Celestia (TIA) will unlock $1.1 billion worth of tokens on October 31, making it one of the most significant launches of the month.<\/span><\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Cheelee will also be performing a significant $300 million unlock on October 10, although it is facing market stability issues following recent price fluctuations.<\/span><\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In total, nearly $2 billion in crypto assets will be unlocked in October, which could influence liquidity and market behavior.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The month of October 2024 is shaping up to be a crucial period for the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><a href=\"https:\/\/crypto-economy.com\/cryptocurrencies-from-a-to-d\/\">cryptocurrency<\/a> market,<\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> as a massive asset unlocking totaling close to $2 billion is expected<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Among the highlights is the launch of $1.1 billion in Celestia (TIA) tokens<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, scheduled for October 31.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">According to information from <\/span><\/span><a href=\"https:\/\/dropstab.com\/coins\/celestia\/vesting\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">DropsTab,<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> 175.75 million tokens will be released<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, which are intended for initial contributors, research and development teams, as well as investors from various rounds, including Series A and B.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This unlock not only represents an important milestone for Celestia<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, but is also a reflection of the growth of this modular network, which has been gaining popularity since late 2023.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Currently, the price of TIA is $6.41<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, up slightly by 2.23%, although the token has faced challenges, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">having peaked at $20.91 in February 2024<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In addition to Celestia, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Cheelee, a Web3 social network that rewards users for video engagement<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, also has a significant launch scheduled for October 10, with an unlocking of CHEEL tokens valued at $300 million.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">However, the project has shown some instability in the market<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Following the temporary suspension of withdrawals on September 20<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, the price of <strong>CHEEL<\/strong> experienced a notable drop, falling from $16 to $12 on the first day of withdrawal availability, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">raising concerns among investors about the token&#8217;s ability to maintain its value<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<h2><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-91166\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/09\/celestia.jpg\" alt=\"Celestia (TIA) continues to rise ahead of imminent $2 billion massive unlock in October\" width=\"825\" height=\"300\" \/><\/h2>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Implications beyond Celestia in the cryptocurrency market<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">With nearly $2 billion in assets unlocked, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">attention will now turn to how the market will absorb this increase in liquidity<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Projects such as Starknet, Aptos, Arbitrum, ImmutableX and Axie Infinity will also join this wave of launches<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, releasing approximately $600 million in tokens throughout the month.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The Aptos unlock, which will release $90 million in tokens on October 12<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, is one of the most significant on this list.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Investors and analysts will be closely watching market reactions to these launches<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, especially given that some tokens, such as <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TIA<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> and <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">CHEEL,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> have shown downward trends in value.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The success or failure of this series of unlocks could influence the overall stability of the cryptocurrency market<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, creating both opportunities and risks for investors.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">How the market absorbs these new tokens will largely determine the future direction of prices and confidence in the projects involved<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">As October progresses, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the cryptocurrency market is preparing for a month that could define the course of several projects and tokens<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, highlighting the importance of liquidity management in an environment as volatile as the current one.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The key will be in the response of investors and how they react to the changes ahead<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Celestia (TIA) will unlock $1.1 billion worth of tokens on October 31, making it one of the most significant launches of the month. Cheelee will also be performing a significant $300 million unlock on October 10, although it is facing market stability issues following recent price fluctuations. In total, nearly $2 billion in crypto &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Celestia (TIA) continues to rise as massive $2 billion unlocking looms in October\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/celestia-tia-continues-to-rise-as-massive-2-billion-unlocking-looms-in-october\/#more-172319\" aria-label=\"More on Celestia (TIA) continues to rise as massive $2 billion unlocking looms in October\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":172325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[4620,9900,4656,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172319"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172319"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172319\/revisions"}],"predecessor-version":[{"id":172323,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172319\/revisions\/172323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172325"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}