Celestia's impending token unlock of over $1 billion in TIA has become a focal point for investors. Recent analyses indicate that the market may experience a milder impact than initially feared, potentially setting the stage for renewed interest in TIA.
Alameda Research has sold off $3.46 million worth of WLD tokens. This sell-off comes as the firm continues its strategy to manage its financial obligations, particularly focusing on repaying creditors.
The cryptocurrency market is experiencing a noticeable dip. Investors are feeling a bit uneasy as the total market cap struggles to break past the $2.40 trillion mark.
World Chain announced on November 1 its integration with Across on Ethereum Layer 2, enhancing secure cross-chain transactions and adding ERC-7683 support. The update may drive global adoption, leading market watchers to eye a possible rise in WLD price toward $10.
Celestia (TIA) is generating buzz in the crypto community as analysts warn of a potential supply shock following a significant token unlock scheduled for October 31, 2024. Insights from Taran Sabharwal, CEO of Stix—an over-the-counter (OTC) trading platform—suggest that the market may be underestimating the impact of this event on TIA's price trajectory heading into November.
Worldcoin's recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure, leaving investors to question if a prolonged downtrend may be unfolding. The $2.15 mark has become a key battleground, with sellers pushing prices lower each time buyers attempt a breakout.
TIA has defied expectations following the Celestia token unlock event, which saw the release of tokens worth $890 million earlier this week.
Sam Altman-backed World Chain on Friday announced a strategic alliance to streamline cross-chain transactions across the layer 2 network. Notably, the AI-meets-crypto project is integrating Across to ensure affordable cross-chain transactions across multiple EVM-compatible chains, marking a monumental endeavor.
The crypto markets are gearing up and heading towards the monthly close, which may keep up the ‘Uptober' vibes. While the Bitcoin price is just a few inches away from the highs, the market participants have become more optimistic over the next price action.
TIA's price has slumped over the past 24 hours, following Celestia's 176 million token unlock on Wednesday.
Celestia (TIA) approaches a crucial token unlock event, the cryptocurrency is bracing for potential volatility that could reshape its market trajectory. Scheduled for October 30, this unlock will release a substantial 175 million TIA tokens into circulation, creating both opportunities and challenges for traders and investors alike.
In an analysis shared on X, Taran Sabharwal, CEO of Stix—a leading OTC trading platform specializing in liquidity solutions for private crypto transactions—provided insights into the upcoming unlock dynamics of the Celestia (TIA) token scheduled for October 31, 2024. His assessment suggests that the market may be underestimating the potential impact on TIA's price action heading into November.
Will TIA see renewed interest amid potential milder impact from its token unlocks?
Modular blockchain network Celestia has begun a large unlock of its native token, TIA, valued at roughly $890 million at current prices. At time of writing, TIA is down nearly 20% in the last week, and is 77% down from its all-time high as the unlock takes place.
The OBV was not as hopeful as the WLD price action, forming lower highs and lower lows throughout October.
During Wednesday's trading session, Celestia price witnessed a 6% plunge to reach $4.9, while its market cap fell to $1.09 Billion. Despite the broader market recovery, the sharp drop is likely fueled by bearish market sentiment surrounding the upcoming token unlock.
Celestia's native token, TIA, is set for a major move today as it undergoes a significant token unlock event that would add approximately 175 million tokens to its circulation—nearly doubling the existing supply.
Modular data availability blockchain project Celestia (TIA) is set to release 175.59 million previously restricted. This Celestia token unlock today, October 30, marks the largest since the project's launch in October 2023.
According to blockchain analysis firm Spot On Chain, the bankrupt Alameda Research sent 143.77k Worldcoin (WLD), worth approximately $297.6k, to crypto exchange Binance early today. The transaction has raised eyebrows among enthusiasts, as the event signals increased selling momentum for WLD in the coming sessions.
Bitcoin (BTC) soared past $73,000 earlier today as it rose to $73,544, reaching levels last seen when it posted its all-time high over eight months ago amid growing optimism in the markets, a potential Republican victory in the upcoming US elections, and positive technical indicators. Analysts believe BTC is poised to post a new all-time high as early as this week if current positive trends persist.
Today the circulating supply will suddenly increase by 80%, with a possible negative impact on the price.
Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, crypto analyst Will Clemente said.
A humongous unlock can push the market both ways, but current investor behavior reveals an alarming trend.
Celestia (TIA) price faces significant challenges in the coming days as multiple factors align to influence its movement. The upcoming token unlock event, which will introduce a substantial amount of new supply, could heighten selling pressure and add volatility.
Worldcoin (WLD) is generating buzz in the cryptocurrency community as it rebounds from a crucial demand zone, optimism about a potential price rally. After facing a challenging week marked by a notable decline, WLD is showing signs of recovery that have traders and investors watching closely.
TL;DR Celestia (TIA) is set to unlock $923.41 million worth of tokens, leading to a wave of token unlocks totaling over $1.543 billion across 21 tokens. The unlock includes 180 million Celestia tokens, sparking concerns about potential market volatility and price fluctuations.
Several activities are in the lineup for top crypto news this week, positioning concerned tokens for volatility. Among the top stories are the highly anticipated, including Binance Blockchain W eek, the debut of Avalanche ecosystem's ARENA token, and the upcoming Frax announcement.
A considerable amount of token unlocks is scheduled between October 28 and November 4, with Celestia (TIA) leading the pack. According to data from Tokenomist, the combined value of scheduled unlocks exceeds $1.543 billion.
Over $1.5 billion in crypto tokens is set to flood the market this week, led by major unlocks for TIA, SUI, MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc. which will see huge amounts added to their circulation.
Celestia's $1.06 billion TIA unlock may redefine its price trend, with sentiment indicators split.
WLD is making another run at a rally, influenced by bullish momentum.
Worldcoin (WLD) is currently attracting attention as it displays strong signs of a potential rally. Recent market activity indicates increasing buying pressure, suggesting that traders should closely monitor this cryptocurrency for possible gains.
Worldcoin's price has been on an upward trajectory since early September, pushing WLD up to $2.46 and sparking optimism among investors. However, the recent drawdown has dampened this sentiment, with many investors facing significant losses and hoping for a recovery.
TIA is aiming for a long-term price target of $11, contingent on its current bullish pattern remaining intact.
Celestia is set to host a series of modular-focused events in Bangkok during Devcon, featuring workshops, talks, and community activities for blockchain developers.
Worldcoin is showing strong signs of a rally, with a key bullish indicator suggesting a potential surge.
Celestia announces the Ginger upgrade, boosting data throughput and reducing block times. Key changes include BBR adoption and new CIPs, enhancing network performance.
Celestia, a modular data network, has announced its upcoming Ginger upgrade, a key network enhancement that will improve transaction speed and finality times. The Ginger upgrade, set to go live in November 2024, will reduce block times from 12 seconds to 6 seconds.
Bitcoin (BTC) has recovered after facing significant selling pressure. On the 23rd, it dropped to a day low of $65,198 before recovering and pushing back above $67,000.
Celestia, the modular data network, has risen for three consecutive days after developers provided an update about an upcoming upgrade. Celestia (TIA) token rose to $6.28, up 60% from its lowest level this year, bringing its market cap to $1.
Binance has successfully integrated Worldcoin's (WLD) mainnet, allowing users to make deposits and withdrawals. This marks a significant step for the cryptocurrency platform.
Celestia's breakout is drawing attention as it approaches a critical resistance at $6.9.
Bitcoin price tanked as altcoins posted modest gains.
Celestia's (TIA) price remains uncertain as both trend indicators and key levels fail to provide a clear direction. The ADX and Ichimoku Cloud show weak momentum, indicating a lack of decisive strength from either bulls or bears.
Celestia Labs reveals its Mammoth Mini testnet, achieving 27MB/s throughput with 88 MB blocks, marking significant progress towards 1GB blocks.
Worldcoin (WLD) is one of the biggest remaining holdings of Alameda Research, making up around 30% of its portfolio. The latest sale of 143K tokens made use of the WLD rally above $2.40.
OpenAI founder Sam Altman's blockchain project, Worldcoin ($WLD), launched its own blockchain, World Chain, last Thursday. However, the announcement has had little impact on the token's performance.