Celestia Price Could Crash 30% With $890 Million Unlock

Token unlocks are typically bearish for any coin as they could lead to significant selling pressure. Based on this, the Celestia price risks a 30% crash with its $890 million unlock. This has brought about a bearish sentiment among whales.

Celestia Price At Risk Of A Crash With $890 Million Unlock

The Celestia price is at risk of a 30% crash with its $890 million token unlock. Tokenomist data showed that 176.2 million tokens were unlocked in the Celestia ecosystem, representing 80% of its circulating supply. This unlock is set to cause a supply shock which could negatively impact the Celestia price.

117.38 million of these unlocked TIA tokens were allocated to private investors who could easily sell off their holdings to secure profits, causing the Celestia price to decline. As Tokenomist noted, these token unlocks have potential implications and could spark future market volatility, which is why Whales are currently bearish about the Celestia price.

Whales Are Moving To ETFSwap (ETFS) For 84X Gains

With the Celestia price at risk of a crash, whales are moving to the ETFSwap (ETFS) token, and this bullish outlook for the token stems from the outstanding utilities in its ecosystem, which will put it above Celestia and other tokens.

The ETFSwap (ETFS) token provides access to the tokenized exchange-traded funds (ETFs) on the ETFSwap investment platform. It is also the key for Whales to access the crypto assets and other commodities on the decentralized finance (DeFi) platform. With the token, investors can easily diversify their portfolios as they can convert their ETFs to crypto and vice versa using ETFs.

These Whales are also bullish on the ETFSwap (ETFS) and are certain it can rally 8,400% because of its tokenomics. ETFS has a total supply of 1 billion, of which a majority of these coins won’t come into circulation when the project goes live. Instead, the ETFSwap team plans to release the coins linearly to help minimize the impact on price.

The ETFSwap (ETFS) has also committed to vesting its allocation for five years, a move that provides a huge boost for the token’s projected 8,400% price rally. It is worth mentioning that the ETFS token is deflationary, meaning that a significant portion of its circulating supply will be removed over time.

The ETFSwap platform plans to use some of the fees earned to buy back and burn ETFS tokens. This is so bullish for the token’s price, considering the number of daily transactions the DeFi platform could record as soon as its beta platform goes live. Millions of ETFS tokens could be burned daily as the platform records enormous success.

Besides its tokenized ETF and crypto offering, ETFSwap (ETFS) is bound to enjoy massive demand because of the other money-making opportunities on the platform. For example, its staking feature allows investors like these Whales to stake their ETFs and crypto assets and earn up to 87% annual percentage yield (APY).

They can also earn passive income by providing liquidity and earning up to 30% of the fees made from token swaps. Token holders will also be eligible for monthly airdrops distributed from the ETFS rewards pool. All these exciting opportunities will be available as soon as the ETFSwap (ETFS) beta platform goes live. The beta platform has already launched on the Ethereum testnet and should go live on the mainnet anytime soon.

Conclusion

Like these whales, investors are better off moving to the ETFSwap (ETFS) token rather than focusing on the Celestia price. Investors who are yet to buy the token have one more opportunity to do so with the bonus round currently ongoing.

For more information on ETFSwap and its presale:
Visit ETFSwap Presale
Join The ETFSwap Community

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.