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Cryptocurrency News Articles
Celestia Is Unlocking $1.4B Worth of Tokens on October 31st, Will It Be a Crisis?
Sep 27, 2024 at 06:04 pm
On October 31st, Celestia will release tokens worth a whopping $1.1 billion. Additionally, $300 million in Cheelee tokens will be available starting on October 31st.
On October 31st, a total of 175.75 million Celestia (TIA) tokens will be unlocked, valued at approximately $1.1 billion at the current market price. These tokens are intended for the project's early core contributors, research and development teams, and investors who participated in the initial token offering.
Moreover, Cheelee (CHEEL) tokens, valued at $300 million, will also become available on October 31st. This large-scale token unlock event is expected to generate a buzz in the crypto community and present investors with an opportunity to acquire newly unlocked tokens.
However, it's important to note that the influx of tokens in the market could potentially impact the price. If a substantial number of token holders decide to sell their unlocked tokens immediately, it may lead to a decrease in the token's value.
Investors are advised to conduct their own research and exercise caution when making investment decisions.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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