Celestia Foundation has purchased approximately 43.45 million TIA tokens held by Polychain, with the unlocking process set to commence this Saturday.
BlockBeats News, August 11th, the Celestia Foundation had previously announced on July 24th that it would spend $62.5 million to purchase all remaining TIA held by Polychain, to be transferred to new investors.
This batch of TIA is approximately 43.45 million tokens, currently valued at around $82.2 million. It will adopt a rolling unlock mechanism, with the first unlock scheduled to start on August 16th and complete on November 14th.
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