Celestia’s TIA Token Falls Over 90% from September Highs

Celestia's TIA token, after airdropping to 580,000 users in 2023, peaked at $20 in September 2024 but has since fallen below $1.65 due to significant vesting schedule cliffs.

  • Core contributors and early backers sold tokens acquired at lower prices, impacting market performance.
  • Despite a 90% price drop, TIA's market cap increased by 50%, reaching $1.2 billion due to a supply surge.

Similar trends were seen with other tokens:

  • Blast's 10.5 billion token unlock led to all-time low prices.
  • Berachain's post-airdrop losses reflected early vesting cliffs.
  • Omni Network's token dropped over 50% shortly after launch.

The ongoing challenge of aggressive vesting schedules is evident across new projects.

Future Outlook for TIA

TIA's future remains uncertain as it experiences a major unlocking event that doubled its circulating supply. An additional 409 million tokens are set to vest through early 2027, exerting further price pressure.

  • Traders speculate on a potential short squeeze due to negative funding dynamics.
  • Weak fundamentals persist, with limited demand and continuous liquidity issues.
  • Without new catalysts, TIA may face continued downside risk.