- Celestia has unlocked 86% of TIA tokens one year after the airdrop, leading to possible impacts on price
- TIA experienced massive growth since its release, peaking over $21 before recent drops
- Additional token airdrops like DYM and SAGA have influenced TIA’s performance, showing the role of market trends in price shifts
A year after the launch of the TIA token via airdrop, Celestia unlocks 86% of the tokens in circulation.
Today there was the first unlock.. 176 million Tia were in fact released on the market, at a countervalue of $830 million.
The TIA Token
Since its release, TIA has been at the center of huge hype, with price action that has overshadowed most tokens. Starting at a price close to $2, the token then reached its ATH in March 2024, with a price above $21.
The price movement was driven by the airdrop narrative, which saw massive growth following the release of TIA, giving a huge boost to Atom’s growth earlier in the year.
However, after the last two major airdrops for TIA stakers—the DYM token from Dymension and the SAGA token from the namesake protocol—Celestia’s token saw a significant drop, eroding nearly all of its previous gains.
Conclusion
The 86% unlock of TIA tokens marks a key moment for Celestia. After a year of hype and growth, the price’s future will depend on the balance between market demand and the recent increase in supply.
