Crypto News: Celestia's $100 Million Funding Set to Impact the Market Significantly

Monday, 23 September 2024, 22:39

Crypto news highlights that Celestia has secured $100 million in funding, paving the way for significant developments ahead of $1.13 billion token unlocks. This timely funding round led by Bain Capital Crypto marks an important milestone for the Celestia Foundation. Industry expert Mustafa Al-Bassam emphasizes the developers' pledge to a new technical roadmap, which could elevate Celestia's positioning in the sector. The Celestia (TIA) price surged over 20% following this announcement.
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Crypto News: Celestia's $100 Million Funding Set to Impact the Market Significantly

Crypto News: Celestia Secures $100 Million Funding

Late Monday, the Celestia Foundation announced that it has secured $100 million in funding led by Bain Capital Crypto. This funding round also saw contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing the total capital raised to $155 million. The specific allocations of the new funds remain undisclosed.

Celestia (TIA) Price Surge

  • Celestia (TIA) price shoots up over 20% following the funding announcement.
  • Industry expert Mustafa Al-Bassam emphasizes commitment to a new technical roadmap.
  • This funding marks a pivotal moment for growth in the crypto market.

For more details, please visit the source of this crypto news.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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