Bithumb suspends Celestia TIA transactions for 24 hours as price surges 3.10% to $1.99

Bithumb, a prominent Korean cryptocurrency exchange, temporarily suspended Celestia (TIA) deposits and withdrawals from March 25, 2025, with operations resuming the same date [1]. The move, coordinated with the Celestia Foundation, which has previously navigated significant tokenomics shifts, aimed to address operational adjustments without public disclosure of specific reasons [1]. The suspension, lasting a single day, aligns with Bithumb’s historical practice of pausing listings during periods of regulatory uncertainty or market volatility [2]. Celestia’s price had surged 3.10% to $1.99 in the preceding period, though technical indicators remained mixed [2].

The action triggered mixed reactions among market participants. Traders praised the proactive approach to risk mitigation, while others criticized the lack of transparency in communication. Celestia’s community, previously buoyed by healthcare-related partnerships, now faces uncertainty over trading availability [2]. Analysts note that such short-term halts are common in crypto markets, often preventing abrupt price swings and reinforcing investor confidence if stability follows [1]. The Celestia Foundation confirmed collaboration with Polychain Capital to reassign remaining TIA holdings to new investors, though no direct link between this initiative and the suspension was established [1].

Bithumb’s decision highlights the growing interplay between centralized exchanges and blockchain projects, particularly as protocols like Celestia advance modular infrastructure solutions. The suspension underscores challenges in harmonizing rapid innovation with regulatory compliance frameworks. While no formal investigations were reported, the incident emphasizes the exchange’s role as a de facto risk arbiter in the evolving crypto landscape. Stakeholders await further clarity on long-term implications, with Celestia’s developers stressing audit transparency and community governance as foundational priorities [2].

Source:

[1] [title: "Bithumb Temporarily Suspends Celestia TIA Transactions] [url: https://coinmarketcap.com/community/articles/6887a0b53c1f324d51532feb/]

[2] [title: "Celestia (TIA) Price Surges 3.10% to $1.99 Despite Mixed Technical Signals] [url: https://blockchain.news/Profile/Luisa-Crawford]