TIA · the mint got cut twice, and it still isn't the problem.
Celestia is a modular data-availability layer and its own proof-of-stake chain — ~944.6M circulating out of 1.17B created, with no supply cap.
Sell pressure. ~37.7M TIA reaches the market in 90 days. Only ~6.6M is newly minted — the other ~31.0M is old coins unlocking to early backers and contributors.
Buy pressure. Zero. No buyback, and fees are paid to stakers rather than destroyed. Nothing on this chain removes TIA.
Net. ≈ +3.99% to market every 90 days. The unlock — not the mint — is four fifths of it, and it runs to Oct 2027.
Celestia pays its stakers with newly created TIA at a steady 73,555 a day — about 6.6M over 90 days, or roughly 2.3% a year. That rate is already the result of two cuts: issuance started at 8% a year, dropped to about 5% in July 2025 and to about 2.5% in November 2025, and keeps stepping down toward a 1.5% floor. There is no supply cap, so this row never ends — it only gets smaller.
The biggest number on this page, and it is five times the mint. Early backers, core contributors and the ecosystem fund cleared their one-year cliff on Oct 30 2024 and their tokens have been releasing in a steady trickle ever since — about 344,924 TIA every day, or 31.0M over 90 days. These coins already exist, so they do not grow the total supply; they move from locked to tradable, which is what actually hits the market. The pace holds until Oct 30 2026, then roughly halves for a final year.
Two overhangs are tracked. About 102.5M TIA is still locked under the release schedule above and is already counted in row 2. A separate ~126.1M sits outside the circulating count with no published release plan — Foundation and ecosystem balances plus genesis-drop tokens that were never claimed. Neither showed a discretionary release this window. No public evidence of release in window — monitored.
No bankruptcy estate or court-ordered distribution applies to Celestia.
Celestia runs no buyback. Nothing in the protocol or the Foundation repurchases TIA, and no repurchase programme has been approved.
Nothing is destroyed. Transaction and data-posting fees are paid out to validators and their stakers instead of being burned, and the chain's own supply counter confirms it — supply climbs at a flat 73,555 a day with nothing subtracted. A proposed redesign would burn fees and cut issuance to about 0.25%, but it has not been voted on-chain.
The Foundation has not bought TIA. No purchase is disclosed in any announcement, filing or on-chain flow.
No new escrow or multi-year lockup was created in the window. Staking does not qualify — TIA unbonds in about three weeks, and rewards unlock the moment they are received, so staked coins are a queue rather than a lock.
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