Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Celestia (TIA) Price Reaches Yearly Low: Token Unlock Error?
ALTCOIN NEWS

Celestia (TIA) Price Reaches Yearly Low: Token Unlock Error?

By Crypto FlexsNovember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Celestia (TIA) Price Reaches Yearly Low: Token Unlock Error?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Leading modular blockchain Celestia is facing fluctuations in the price of its native coin TIA.
  • Linear unlocking is underway with nearly half of TIA tokens in circulation.
  • With TIA down 79% from ATH, most large investors are reducing their positions.

Celestia (TIA), an altcoin backed by advanced modular blockchain technology, has pursued a bearish price trend over the past two weeks. Despite the chain’s initial success, hitting an all-time high of $20.85 on February 10, 2024, price and TIA trading volume steadily declined over the next nine months.

Unlock Challenge Celestia Price $940 Million

Since then, Celestia’s market capitalization has halved, from $3.29 billion to its current $1.73 billion. Although Celestia clearly remains the largest modular blockchain. Dymension (DYM) came in second with a market capitalization of $270 million, nearly seven times smaller, according to CoinMarketCap data.

Celestia’s price is currently rapidly approaching its year-to-date low of $3.72 and is down more than 6% in the last 24 hours. Although the token unlock at the end of October 2024 brought a whopping 175.59 million native tokens to the market, there are several additional reasons for TIA’s downward trend.

There is another unlock in progress, with the Cliff Token unlock going live on October 30, 2024 at 2:00 PM UTC. Unlike unlocking cliffs all at once, linear unlocking currently puts 998.32K TIA tokens in circulation each day, increasing the daily supply by $4.3 million. Currently, 404.4 million of the total 1.08 billion TIA coins are in circulation.

TIA hit by negative funding ratio

In addition to the large cliff and linear unlocks, Celestia’s bearish trend is possible due to its consistently negative open interest (OI) weighted funding ratio. In the derivatives market, altcoins lost the attention of speculative traders in early July 2024. This is because the funding rate has been blinking below zero for most of the period until October 31, 2024.

Conversely, 52nd-ranked altcoin Celestia regained a positive leveraged market funding ratio on October 31, 2024, hours after the cliff was unlocked. Nonetheless, the positive TIA OI funding ratio has not been maintained for more than a week since July 2024. As of press time, it is trading at $4.275, according to price aggregator CoinGecko.

The chart on Trading View indicates an overbought position in Celestia (TIA).
The technical implications suggest an overbought position on the 4-hour chart.

On the other hand, TIA price trend reversals are highly dependent on large-scale investor action. According to the 4-hour technical chart, this pattern suggests a further decline in cryptocurrency whale positions, with Chaikin Money Flow (CMF) remaining at -0.13. As if that weren’t enough, the Stochastic Relative Strength Index (StochRSI) is extremely overbought.

On the flip side

  • While large-scale cryptocurrency token unlocks tend to put short-term selling pressure on altcoin prices, securing a majority of the coins in circulation minimizes the risk of Celestia (TIA) price manipulation.

Why This Matters

When demand exceeds supply due to a combination of significant trading volume and real utility cases, the price trajectory of a coin typically becomes bullish.

Discover popular cryptocurrency news on DailyCoin:

How 1inch Fights Crypto’s Bad Rap With Bruce Lee Partnership
Wiz Khalifa’s Memecoin Flash Crash After Launch: Hack or Scam?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Chia Network (XCH) is making progress toward an IPO, according to CEO Gene Hoffman.

April 19, 2024

Here’s why GPT-4 is ‘dumb’: Untangling the performance hit

January 3, 2024

Bitcoin’s Biggest Event: Kraken and Bitcoin Magazine Host Bitcoin Halving 2024 Livestream Event.

January 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.