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The largest token unlock of the month belongs to Celestia, which will unlock 175.56 million TIA tokens on October 30.

The upcoming $1.3 billion token unlock could significantly impact market dynamics, potentially increasing selling pressure and volatility. The post Celestia, Sui, and Aptos set for $1.3 billion token unlock next month appeared first on Crypto Briefing.

While Celestia's monster $1 billion unlock dominates the rest of the field, several projects have large unlocks scheduled for the month of October.

The crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance.

The biggest raise this week came from Celestia. It announced a $100 million round led by Bain Capital Crypto, with participation from 1kx, Syncracy Capital, Placeholder and Robot Ventures.

In this week's venture capital update, more than $253 million flowed into the crypto startup world, although the bulk of that funding went to the blockchain network Celestia Foundation. Crypto.

Uptober is just around the corner. Crypto traders are eagerly anticipating the market's usual rally at this time of year.

TL;DR Celestia (TIA) will unlock $1.1 billion worth of tokens on October 31, making it one of the most significant launches of the month. Cheelee will also be performing a significant $300 million unlock on October 10, although it is facing market stability issues following recent price fluctuations.

The release of Celestia's $1.1B tokens is just one part of the massive token unlock wave coming in October.

The looming token unlock will raise concerns about prices?

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.

Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.

TIA has outperformed the CoinDesk 20 Index by a wide margin.

The cryptocurrency market remains a mix of volatility and opportunity. While Bitcoin struggles to maintain its momentum against the 200-day moving average, several altcoins are displaying notable strength.

Layer-1 modular blockchain Celestia (TIA) is soaring after the project's foundation raised $100,000,000 to support the ecosystem. According to the Celestia Foundation, the nonprofit group set up to support the TIA network, the $100 million fundraising was led by Bain Capital Crypto.

Bitcoin (BTC) and Ethereum (ETH) continued to climb after witnessing a slight correction on Tuesday as the crypto market rally continued. BTC is within touching distance of $65,000, and ETH is close to the $2,700 mark.

Cardano, Celestia and dogwifhat are witnessing positive sentiment on social platforms as the broader crypto market.

On Monday, the Celestia Foundation announced it has raised $100 million in funding, spearheaded by Bain Capital Crypto, with additional investments from firms like Syncracy Capital and 1kx.

Celestia (TIA) has experienced a significant 20% price increase in the last three days. Part of it was driven by excitement around its $100 million funding round.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TL;DR $100M Funding Secured: Celestia Foundation raised $100 million in a funding round led by Bain Capital Crypto, bringing its total fundraising to $155 million, highlighting its growing importance in the blockchain space.

Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput.

TIA, the native token of the modular blockchain network Celestia, has surged 14% after it announced the commencement of its second funding round. At press time, Celestia (TIA) was trading at $6.2, having surged to an intraday high of $6.

TIA price surged 32% to hit $6.9 on Sept 24, as Celestia Foundation announced an $100 million in a funding round led by Bain Capital Crypto.