Krutika Adani
TIA will witness a massive token unlock on 30 October 2024 after $1.1 billion worth of tokens might get released into the markets.
The 175 million tokens to be unlocked will increase TIA’s current circulating supply of 214 million to almost 390 million tokens, an increase of 81%.
Recently TIA witnessed a short squeeze that helped it gain 10% in price over the past week.
Some other tokens that are scheduled for unlocks later in October are ApeCoin, ImmutableX, SUI, ZetaChain, Aptos, Axie Infinity and a few others.
The unlocks in TIA might lead to a 50% or more crash in its price. It is best to avoid TIA till the end of this token unlock.