Investor Chris Burniske Doubles Down on One Layer-One Altcoin Play While Shorts Pile Up – Here’s Why
Venture capitalist Chris Burniske is reasserting his stance on one of his main altcoin picks for this crypto market cycle. Burniske says on the social media platform X that he’s still loading up on Celestia (TIA) tokens, anticipating a massive recovery despite being 77% down from its all-time high. The investor also says that fear surrounding TIA’s large token unlock next month is likely overblown. “Still longing TIA while haters spinelessly pile onto the downside momentum. When Celestia recovers, it’s not me that will be haunted by the thought, ‘Instead of jeering, I could have been buying TIA <$5… Everyone and their mother is fixated on the ‘big $TIA unlock’ in October. Paid groups and momentum bottom trolls are drooling with delight, claiming $TIA will get crushed when the ‘evil VCs’ are given liquidity, hence piling onto these expensive shorts. What TIA bottom trolls aren’t grasping: 1)Ce...