Following a strong daily rebound and a major surge in trading volume, market participants are now watching to see if TIA can reverse its longer-term downward price trend.
TIA gains while the market falls
TIA’s price increased
↗3%
in the last 24 hours, accompanied by a
↗185%
surge in trading volume. This performance occurred while the broader crypto market declined by
↘1%
and the average for similar Layer 1 projects fell by
↘2%
.
Recent gain contrasts with a poor monthly performance
Despite its recent daily gain, TIA’s price remains down
↘33%
over the past month. This is part of a wider negative trend, as its category of Layer 1 projects saw an average decline of
↘19%
during the same period.
Past token distributions have drawn scrutiny
Historical events have drawn some investor attention to how TIA tokens are managed. These include a large token sale by investment firm Polychain
and reports from sources like
Coindesk on criticism following a large 2023 token airdrop to users.