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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.

In the past 24 hours, Celestia (TIA) price rallied over 13 percent to trade about $6.29 on Monday, thus initiating a fresh macro bull run.

As Bitcoin bears continue to defend the resistance at 200-day MA, some altcoins display strength. Ethereum trades at $2,612 while the BinanceCoin price crosses $600. Besides, Solana, XRP, Dogecoin, and Cardano consolidate below their respective resistances at $150, $0.6, $0.12, and $0.4.

The blockchain Celestia has announced that it has raised $100 million, at a time when the token TIA is facing a significant decline.

coin CMP Market cap Trading volume Price change (24 h) Price change (7d) SUN $0.0232 227M 41.51M -0.80% -0.20% Bluzella (BLZ) $0.15 66.55M 12M -0.50% 33% SUI $1.51 4051M 806M -6.

Late Monday, the Celestia Foundation announced that it has secured $100 million in funding led by Bain Capital Crypto. This round also saw contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing the total capital raised to $155 million.

The Celestia Foundation, the team behind modular blockchain network Celestia, announced that it had raised USD $100 million in an investment round.

The crypto prices today have sparked considerable investor speculations across the globe. Bitcoin & major altcoins illustrated waning price actions, whereas Celestia (TIA) emerged as the day's top gainers.

Cryptocurrency Price Today: The global cryptocurrency market has traded sideways in the past 24 hours, sinking 1.6% in valuation, leading the market cap to $2.22 trillion. With the Fear & Greed Index maintaining steady at 51 (neutral), the market sentiment remains alert as traders await more strong market movements.