Celestia (TIA), a modular data availability blockchain project, is set to release 175.59 million tokens, representing the largest unlock since its launch. This event could lead to increased price volatility as it nearly doubles the circulating supply.
OTC sales might mitigate the selling pressure, but the unlock is generally seen as bearish as insiders and early investors begin to sell their allocations.
Increased trading volume suggests greater market involvement but also rising selling pressure, which could extend the ongoing price downtrend.
Some of the unlocked tokens have already been sold through OTC platforms, slightly reducing the anticipated sell-off impact.
TIA’s current price is $5.05, below key EMAs, indicating bearish market conditions. The token could drop to $4.57 or even lower if selling pressure increases.
If funding rates adjust as predicted, TIA might rally towards $6.16 instead, countering bearish predictions.
