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In-depth analysis of the Celestia and Polychain selling events Recently, Polychain, a major investor in the Celestia project, sold a large amount of TIA tokens worth up to $242 million. This event has sparked widespread discussion within the cryptocurrency community. This article will delve into the ins and outs of this event, explore its advantages and disadvantages, and summarize possible lessons learned. Investor profits: An inevitable result of market operations. Many people are dissatisfied with Polychain's large-scale dumping behavior, considering it predatory and uncertain. However, we must recognize that as a venture capital fund, Polychain's core responsibility is to generate returns through early investments. Polychain not only took on the risks of investing in Celestia's early stages, but also bet on the "external data availability" that was not widely recognized at the time.