Celestia TIA Plummets 90% Amid Sell-offs and Unlocks

Celestia (TIA) has experienced a dramatic price decline, with its value dropping over 90% from its all-time high. Despite the project's reported reserves exceeding $100 million, the price continues to fall, indicating deeper issues within the project and its community. The price of TIA initially surged to nearly $25 following a strong launch but has since entered a steady downtrend. Each upward movement has been short-lived, quickly reversing into further declines. Currently, TIA is trading below $2, with potential support levels between $1 and $1.20 if the downward trend persists.

The decline in TIA's price is not solely a chart issue; it reflects broader concerns within the project. Top trader BOBO highlighted several factors contributing to the market pressure, including executive token sell-offs and upcoming large unlocks, which have sparked investor anxiety. These actions often lead to dilution fears, resulting in lower demand and increased volatility. Additionally, falling on-chain activity suggests a reduction in real network use, as users may be shifting their focus to more active ecosystems. Negative sentiment surrounding past marketing strategies has further weighed on public perception.

Despite the price drop, Celestia's developers have continued to release updates and governance proposals, demonstrating ongoing technical progress. However, the market response has been subdued. The broader modular blockchain narrative faces skepticism, and traders appear to be waiting for clear results before re-engaging. For any meaningful recovery, TIA's price must reclaim lost technical levels, particularly key zones near $5 and $8. Until then, the outlook remains uncertain, both in terms of price and community sentiment.