TIA price defied the typical trajectory of airdropped tokens by rallying 480%. Cointelegraph explores why traders remain bullish on Celestia.
Modular blockchain Celestia has posted amazing growth since its launch on Oct. 31, 2023, when TIA tokens were airdropped to 580,000 users and the mainnet went live. Since launching, TIA has risen more than 460% from its debut price of $2.10 to the current value of $13.
The altcoin had a slow start in terms of on-chain activity, initially facilitating only 510,000 transactions in the first two days, according to data from MintScan.
However, as traders’ appetite grew, TIA price followed and ultimately, on-chain activity grew as well. MintScan data shows that the network has so far facilitated 6,649,287 transactions since its debut on Oct. 31, 2023.
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Source: https://cointelegraph.com/news/crypto-traders-remain-bullish-on-celestia-tia-even-after-480-rally-here-s-why