Celestia Foundation announced that it will buy out the TIA tokens worth 62.5 million dollars held by Polychain Capital and distribute them to new investors.

Polychain Capital, one of the leading investment firms in the crypto world, transferred all TIA assets in the Celestia project to the Celestia Foundation for a deal worth 62.5 million dollars. Previously, Polychain had invested approximately 20 million dollars in Celestia, becoming one of the early supporters of the project. The 43,451,616 TIA tokens acquired will be gradually opened to new investors between August 16 and November 14.
Polychain Capital has recently come under criticism due to the early sale of liquidity staking rewards. According to on-chain analysts, Polychain has conducted approximately $242 million in TIA sales, including staking rewards, since the token launch of Celestia.