Opinion: The amount of TIA unlocked is several times the average daily trading volume, which may lead to increased volatility

About 175 million locked Celestia (TIA) tokens were unlocked on October 30, including a release to early investors, which will increase the token supply by 80%, the largest single unlocking event since the token was launched last October. The tokens are currently worth $920 million and are trading at just over $5 per coin.
David Shuttleworth, a partner at Anagram, said: "There could be some noticeable impact" or lead to increased volatility. He noted that the number of tokens unlocked is several times the average daily trading volume of TIA between $50 million and $200 million over the past month. Crypto analyst Will Clemente said the likelihood of TIA bouncing after unlocking has increased, saying: "Bitcoin price action further reduces the likelihood of a bearish impact on the market from TIA unlocking on Thursday."