The Celestia Foundation has been criticized for selling coins on the OTC market, causing TIA to fall to $6.292

Market data shows that TIA has fallen to $6.292, a 24-hour drop of 5.73%.

Previously, the Celestia Foundation announced the completion of a $100 million financing round. However, the foundation's opaque OTC coin selling behavior was criticized by the community who believed they were disguising their coin selling as positive financing news, leading retail investors and communities to buy in.

According to information obtained by Wu Shuo Blockchain, the price of this TIA OTC token sale was $3. One third will be unlocked on October 31st with the remaining portion linearly unlocked over the next year. The market response to this sale was very enthusiastic; many institutions hoping for a share ultimately did not get one or only got a very small share.