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Celestia Network’s native token Celestia (TIA) continues to occupy the crypto world with the massive gains it provided to its investors in the recent period. As of the time of writing, the price of Celestia has gained over 6%, once again making its investors happy. Let’s take a look at how much the early investors of Celestia have earned.
Who Won the Celestia Rally?
When the seed round investors of Celestia found themselves under the wings of an incredible group, namely retail investors, some things never remained the same.
Initially, the project collected a relatively small amount of investment with a total funding of 1.5 million dollars, but then it attracted all attention by achieving a remarkable return of 1887 times in just 2.5 years.
While all this was happening, the individuals who qualified for the TIA airdrop in November 2023 were the real lucky ones, striking the crypto world like lightning. Individual investors qualified for the Celestia airdrop by purchasing as little as $75 worth of Cosmos (ATOM) or Osmosis (OSMO) tokens.
Subsequently, those who took such a small risk to join the project became the owners of four-figure airdrop rewards. Today, when reviewed, individuals who received a $2000 TIA airdrop at that time are facing a value that has surprisingly reached a price level of $16,000.
This massive increase, which perhaps no one expected, could also be opening the doors to a potentially infinite return on investment. Moreover, this recent movement in the Celestia price is also positively affecting the profitability of these individual investors day by day.
On the other hand, it is important not to forget that they reached this point with almost ‘zero’ investment and that they have achieved unprecedented profits with this investment.
At the same time, having staked ATOM and OSMO tokens already in hand is considered one of the biggest positives for them.
Celestia Price Increases by 8% Today
Celestia has experienced an increase of over 6% in the last 24 hours and is trading at almost the highest level of the day. On February 5, 2024, the TIA price rose by 7.86% to $18.17 in the past hours.
Celestia also appears to have a market capitalization of $2.94 billion. On the other hand, TIA’s 24-hour trading volume has seen a massive increase of 28.82%, amounting to $145.49 million.
Celestia (TIA) reached a periodic peak level of $18.23 during the rally after rebounding from a relatively low level of $16.85. However, it still seems to be about 10% away from its all-time high of $20.36. On the other hand, there were many liquidations on the futures side.
In the last 24 hours, approximately $538,000 worth of TIA, which accounts for about 82% of total liquidations, appears to have emerged due to short sales. According to data provided by Coinglass, in a 4-hour review, more than $210,000 in short positions were liquidated, while the erasure of long positions was noted as a more significant event.
