Analysis: It is expected that 92.3 million TIA will enter circulation after unlocking tonight, with a selling pressure limit of about $460 million

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Cointime2024/10/30 06:11

By:Cointime

On October 30th, it was reported that with regards to the upcoming unlocking of 176 million TIA tokens, there will be a total of 92.3 million TIA tokens entering circulation, which will create an upper limit for selling pressure in the spot market. TIA has a 21-day unlocking period, and those who wish to trade TIA after the unlocking on October 31st have already unlocked their tokens in advance. The total unlocked tokens include the number of tokens that were not locked, the number of tokens in the 21-day unlocking queue, and approximately 24.1 million tokens that were not counted, totaling 92.3 million TIA tokens. This represents a maximum selling pressure of approximately $460 million.

Previously, it was reported that Celestia (TIA) would unlock approximately 175.6 million tokens at 10pm Beijing time on October 30th, which is approximately 79.75% of the current circulating supply and worth approximately $941 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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