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Leading Solana MEV infrastructure protocol Jito temporarily experienced downtime early on Wednesday morning.

Celestia (TIA) has recently become one of the standout performers in the altcoin market, capturing the attention of investors and analysts alike. With a significant upward trajectory over the past week, TIA's price has seen a steady increase of over 22%, despite a minor setback of 3.45% in the last 24 hours.

TIA could reach $11.96 if it breaks through a critical resistance level, analysts suggest.

Will this week's multi-million token unlocks spell trouble or opportunity for Celestia, Aptos & Solana custodians?

Celestia's TIA (a digital asset that's caught the attention of many investors recently) has been showing signs of a comeback after a tough month of losses. However, even as some market indicators point to positive movement, a rising trend of profit-taking by traders could threaten TIA's rally, creating uncertainty about its future price trajectory.

Jito Labs recorded $78.92 million in monthly fees for October, doubling its previous record of $39.45 million set in May.

Celestia (TIA) has reached its highest exchange outflow this month as its value surged by 10% in the last 24 hours. This significant outflow implies that TIA holders are optimistic, possibly viewing the recent hike as the start of an extended rally.

TIA is yet to receive the go-ahead from market participants despite bullish insights.

Celestia's TIA token has recently encountered a significant downturn, sliding over 15% in value over the past week. The token is currently priced at $4.23, hovering close to its year-to-date low of $3.72, initially reached in early September.

Is the current stream of Celestia's cliff & linear unlocks to blame for the extended TIA losing streak in recent weeks?

Key Points:

TIA, the native token of the modular blockchain network Celestia, has extended its downtrend, losing over 15% of its value in the past week. Currently, the altcoin is trading at $4.23, hovering near its year-to-date low of $3.72.

Celestia (TIA has seen bear dominance over the past seven days, plummeting from Tuesday's $5.3908 to $4.3291 on Sunday. While the significant plunge saw the altcoin losing all its September gains, TIA signals robust recoveries. Safeguarding the reliable support at $4.12 would support significant bounce-backs to the $5.23 mark.

TIA experienced a breakout from a falling wedge pattern, a technical indicator often associated with bullish reversals. As social interest around TIA surges, many analysts are speculating that this altcoin could be on the verge of a significant rally.

Celestia's (TIA) price has decreased by approximately 27% since October 25. During that period, the altcoin fell from $6.16 to $4.50, erasing all the gains TIA had in September.

TIA's recent breakout and rising social interest could have interesting implications for the altcoin.

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.

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.

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.

TIA has defied expectations following the Celestia token unlock event, which saw the release of tokens worth $890 million earlier this week.

The cryptocurrency market has experienced a major hit this week, with top tokens recording a significant correction in their respective valuations. Moreover, the BTC price has recorded a low of $68,779, indicating rising uncertainty in the crypto space.

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.

Jito SOL opened the first round of liquid staking, with a limit of $25M. Liquid staking may tap the value of SOL without the need to trade directly.

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.

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.

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.

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.

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.

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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.