📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
TIA welcomes a massive unlock today, with an estimated $80 million over-the-counter trading pressure.
BlockBeats news, on October 30, TIA will unlock approximately 176 million Tokens at 20:00 (UTC+8) today, accounting for 80.13% of the current circulating supply, equivalent to about 900 million US dollars. Taran, the founder of the Over-the-counter Trading platform STIX, stated that on-chain data was used to accurately assess how the unlocking dynamics would affect TIA. TIA has a 21-day unlocking period, and those who wish to trade the unlocked TIA today have already begun unlocking. It is estimated that a total of 92.3 million TIA will have Liquidity after today's massive unlocking, serving as the upper limit of overall Spot dumping pressure, roughly equivalent to a maximum dumping pressure of about 460 million US dollars, accounting for less than 50% of the total unlocked amount, indicating that the dumping pressure is only half of what people expected. The large amount of TIA unlocked for the first time is being sold to Over-the-counter Trading buyers, who are using Perptual Futures for Hedging, leading to a significant pump in TIA contracts that have not been Closed Position over the past few months. It is expected that shorts will continue to decrease, partially offsetting the Spot dumping pressure. This cliff unlocking is likely a Bull Market signal for Spot buyers. Undoubtedly, Celestia is one of the most traded assets in this cycle of Over-the-counter Trading. The Over-the-counter Trading activity for TIA in the third and fourth quarters of 2024 was very active, with the trading platform STIX having a volume of about 60 million US dollars since July, which may indicate a real volume of over 80 million US dollars through various Liquidity channels (STIX holds about 75% of the OTC market share). Regardless, the supply shock is significant and will bring about intense Fluctuation for TIA.