News

On October 30, in response to the 176 million TIAs being unlocked tonight, Taran, founder of OTC OTC platform STIX, said in a post on the X platform that a total of 92.3 million TIAs will come into circulation after the unlocking, which will constitute the upper limit of the selling pressure in the spot market.The TIAs have a 21-day unlocking period, and those wishing to unlock their TIAs on October 31 to trade have already unlocked early. The sum of the number of unlocked tokens, the number of tokens in the 21-day unlock queue, and the number of roughly 24.1 million unaccounted for tokens equals 92.3 million TIAs. this equates to a maximum sell-off pressure of roughly $460 million. Another interesting data point is that the ratio of the (actual) increase in circulating supply to the current circulating supply reached a dilution of 41.8%. A large number of tokens unlocked for the first time were sold to OTC buyers who hedged their positions on perpetual contracts, leading to a spike in open positions over the past few months. These short positions are expected to be reduced significantly, partially offsetting the selling pressure in the spot market. This capital reset could signal a long position for spot buyers. Short positions will continue to decrease until they are unlocked and the funding rate may reset to 0 or positive. Investors who missed the October 9 unlock deadline may also unlock during October, leading to a further increase in spot supply (pending sales) in November. In any case, the supply shock is huge and this is the most publicized unlocking event of the cycle. This, coupled with the suppression of the OTC premium, could generate a lot of trading activity for this token. As previously announced, Celestia (TIA) will unlock approximately 175.6 million tokens at 10 p.m. GMT on Oct. 30, representing a 79.75% ratio to the current circulating volume and a value of approximately $941 million .

The ticker shows that the TEE of the Meme coin on Ether has broken through 0.04 USDT and is now at 0.04505 USDT, up 3705% in 6 hours, with a market capitalization of $44.8 million.