Fun fact: On Feb 9th, 2024 - Celestia hit an ATH price of $20.16. As of Jan 9th, 2025 that price sits at $4.48.
If you look at the numbers closely, you will see that when it hit it's ATH price, it's Market cap obviously also hit ATH at $3.29B.
Celestia's Market Cap is currently sitting at $2.16B, which means there's only been a 35% drop from ATH Market cap.
Do you see the problem?
Yep, It's the supply. Since the ATH, the supply has been increased from 163.194M to 482.9M that is a 2.95x increase in less than a year.
So if Celestia were to reach it's ATH price again, the price would not be $20.16 per coin. It would be a measly $6.81 per coin.
The moral of the story: A lot of these projects don't give a crap about your investment. They will nuke your investments, by dumping massive supplies on the market to cash in ath prices.
Then they will tell you that these unlocks were long planned and it's your fault for not paying attention.
Always, keep your eyes on unlocks. the strength of your coins vs. other coins can devalue and tank in a matter of weeks if not days.
