Celestia’s ($TIA) Dips to $1.77: Is a Rebound Coming After Strategic Buyback and Upgrades?
Main Idea
Celestia's ($TIA) token price dropped to $1.77 amid a market pullback, but key developments like strategic buybacks and network upgrades suggest potential for a rebound.
Key Points
1. Celestia's ($TIA) token fell 8% to $1.77, with a daily trading volume of $144 million and a market cap of $1.2 billion.
2. The Celestia Foundation executed a $62.5 million buyback of $TIA tokens from Polychain Capital, aligning with early July 2025 market prices.
3. The 'Lotus' upgrade introduced a 33% reduction in inflation, disabled auto-claiming of staking rewards, and enabled Hyperlane integration for cross-chain interoperability.
4. Celestia's Mamo-1 testnet supports 128 MB blocks, offering 21.33 MB/s throughput, a significant increase from the current mainnet's 8 MB capacity.
5. Institutional interest is growing, with VanEck launching a $TIA-linked exchange-traded note (ETN) in Europe.
Description
The Celestia ($TIA) token fell 8% to $1.77 amid a broader market pullback, but key developments and upgrades suggest this may be temporary. With $144 million in daily trading volume and a $1.2 billion market cap, the modular blockchain’s fundamentals could prove instrumental for a comeback. What’s more, several key network upgrades and strategic moves are laying the groundwork for future growth. While short-term price action is still unclear, the project continues to attract serious interest fro...
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