TIA, the native token of Celestia, which stands out as the first modular blockchain, hosted an interesting price movement on the cryptocurrency exchange Bitfinex.
Celestia’s native token TIA unexpectedly hit cryptocurrency exchange Bitfinex On November 17 at 08.00 CEST around for $44 rose. TIA reached $44 in seconds before falling at the same pace 6 dollar band came back. This happened suddenly 569% of movement Then all eyes turned to the reason for the rise.
Experts of the cryptocurrency market saw this sudden movement on the Bitfinex exchange. TIA/USD He attributed it to the trading pair being weak in terms of volume. In low-volume environments, high-volume transactions made by whales at once can lead to sudden and temporary fluctuations in price. These situations that occur from time to time generally do not have an effect on the general price movement of the parity.
After TIA’s candle to $44, 2 hours later again with a sudden price movement up to $17 rose and returned to its normal price within seconds.
TIA on cryptocurrency exchange Bitfinex 16 November It was listed on 12:00 a.m. and has not seen a huge demand since then, at least on Bitfinex. TIA rose to $44 on Bitfinex while its price on other exchanges $6.3 was at the level.
Current data revealed that although network activity came to a halt, it continued to rise.
According to CoinGecko data, in the last 24 hours 14.7% TIA, which is on the rise, is at the time of writing. from $6.65 is being traded.