Celestia, a modular blockchain network, recently unlocked its local token, TIA. The release of these tokens has significantly impacted market dynamics, with TIA's valuation estimated at about 890 million dollars.
In the past week alone, TIA's value decreased by nearly 20%, highlighting the volatility and investor sentiment around this blockchain network's native asset.
The TIA token has also been affected by a dramatic fall from its peak value, showing a 77% nosedive, reflecting the challenges and market pressures faced by Celestia.
This release could exemplify market apprehensions or shifts in perception of blockchain and cryptocurrency projects, indicating broader implications for the sector.
![Celestia [TIA] eyes $11.96 amid bullish momentum: Will it happen?](https://loutre.blockchair.io/w4/storage/news/2d065a81e30cf52ab74493b9ec97beaa.png){kind=small}
