The price of Celestia (TIA) has seen volatility interesting analysts and investors. Notably, a series of tweets from figures in the crypto community suggests concerns about the token’s future price trajectory.
Despite its current market performance, experts are cautioning against long-term holding due to early investor behavior and potential future dumps.
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Team Wallets and Investor Selling Raise Concerns
In a tweet by @gtx360ti, he revealed that Celestia team wallets have sold approximately $109 million in tokens since the project’s inception, despite none of these tokens being vested.
According to the project’s documentation, the Initial Core Contributors’ tokens are set to vest by 2026. This has raised red flags within the community, as significant selling from these wallets continues to impact the token’s price stability.
Adding to the conversation, Altcoin Sherpa shared his thoughts on the issue, stating that the early investors, who bought in at $0.02, will likely continue to sell their staked tokens, leading to further price declines.
Sherpa predicted that Celestia could drop below $1 in the long term, while acknowledging the possibility of short-term rallies that traders could capitalize on.
Predictions of a 77% Decline
X user, Liber de Benedict, echoed these concerns, estimating a potential 77% decline from Celestia’s current price of $4.53. Benedict pointed out that early investors are aggressively dumping their holdings, which could push the price below $1 soon.
He warned that long-term holders should prepare for possible losses, even if the token experiences some short-lived price increases.
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Celestia’s Current Market Performance
Per data from CoinGecko at publication, Celestia (TIA) trades at $5.15, with a daily trading volume of $184,759,805. Although the token has had a 6.99% price increase in the past day, it has declined by 19.09% over the past week.
This market behavior, coupled with the concerns raised by analysts, adds to the growing uncertainty surrounding TIA’s long-term value.
With voices in the crypto community predicting further sell-offs and price drops, Celestia’s future remains uncertain. While there may be opportunities for short-term gains, long-term holders are advised to stay cautious as early investors continue to sell off their tokens.
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