Celestia has moved to reclaim control over its token economy with a $62.5 million buyback of TIA tokens from early investor Polychain Capital.
The foundation confirmed the repurchase was conducted at around $1.44 per token, a move aimed at redistributing supply under a revised vesting schedule beginning August 16.
The decision follows mounting criticism of Polychain’s heavy sales of staking rewards, despite its initial investment still being under lock. On-chain analysts estimate the firm offloaded over $240 million worth of TIA, sparking concerns over fairness in reward distribution.
In response, Celestia’s upcoming “Lotus” mainnet upgrade is set to introduce a staking reform: rewards will be partially locked based on the vesting status of associated tokens. This change is designed to prevent early investors from extracting liquidity ahead of schedule, aligning rewards with long-term participation.
The buyback and staking update reflect a broader attempt by the Celestia Foundation to stabilize tokenomics and address community frustrations. By curbing speculative flows and reinforcing time-based incentives, the network hopes to reestablish confidence among retail investors and attract new strategic partners committed to sustainable growth.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/celestia-tightens-token-control-with-strategic-buyback-and-staking-overhaul/