US EditionPolychain Nets $80M From Celestia Staking Rewards Alone
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Polychain Nets $80M From Celestia Staking Rewards Alone
Polychain earned $78M by selling staking rewards, keeping its full 65M token position untouched. Five wallets sold 6.35M TIA from emissions, accounting for $51M—about 9.77% of each allocation. The emission model drew backlash, enabling insiders to profit without selling vested tokens. Polychain, a crypto investment firm, has earned over $78 million through Celestia (TIA) staking rewards. According to blockchain analyst Pavel Paramonov, the firm …
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