The Celestia Fund has purchased 434,500 TIA from Polychain for $62.5 million and transferred it to a new investor, applying a staggered unlock.
The fund has bought back a large quantity of TIA, Polychain has liquidated, this operation stabilizes, demonstrating confidence in the project while controlling circulation.
Similar to the news about the destruction of 500 billion BONK, the supply reduction mechanism is becoming popular on meme and modular chains, the price of TIA may recover.
I believe this will attract more institutions, the future role of TIA in DeFi will be enhanced, worth adding to the watchlist.
$TIA $BONK