STIX Founder: Over $80 Million in TIA OTC Volume Since July
On October 30, in response to tonight's unlocking of approximately 176 million TIA tokens (approximately 79.52% of the current liquidity, valued at approximately $900 million), Taran, founder of STIX, an OTC OTC platform, stated that based on the dynamics of the unlocking, a total of 92.3 million TIAs are expected to enter liquidity following the unlocking, consisting of tokens that are unpledged, tokens that are in the 21-day unpledged queue, and Approximately 24.1 million unrecorded tokens, with an expected maximum selling pressure of $460 million;
Additionally, TIA trading volume through the OTC market including STIX is expected to be in excess of $80 million since July, and Taran believes that shorts will continue to reduce their positions, with the funding rate likely to reset to zero or positive on unlocking.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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