Celestia's native token, TIA, has witnessed a surge in bullish momentum fueled by increased social media discussions hinting at a potential price surge.

In the last 24 hours, TIA has recorded a 13% increase, reaching $10.30 at the time of reporting. The token's market capitalization has surged to $1.92 billion, positioning it as the 57th-largest cryptocurrency. Daily trading volume for Celestia soared by 107%, reaching $140 million.

Despite hitting an all-time high of $20.91 on Feb. 10, TIA experienced a 52% decline thereafter.

Data from Santiment reveals a 78% spike in social media conversations about Celestia over the past day, with significant activity observed on platforms like X and Reddit. Investors are discussing the potential for a price surge, contributing to the heightened social volume.

Launched on Oct. 31, 2023, Celestia boasts 580,000 eligible users for its airdrop. Its distinguishing feature from other networks lies in the implementation of data availability sampling (DAS) instead of traditional consensus mechanisms. This approach aids in network scalability and removes settlement constraints.

In addition to increased social activity, TIA's total open interest surged by approximately 12% in the past 24 hours, rising from $91.6 million to $102 million. This uptick in open interest suggests the potential for heightened price volatility, with increased liquidations anticipated even from minor price movements.

Market intelligence also indicates a rise in the total funding rate aggregated by TIA, climbing from 0.005% to 0.011% over the same period. Despite a marketwide correction, traders are displaying confidence in a further price rally.

Celestia's recent performance reflects growing investor interest in the project's unique features and potential for growth. As discussions continue to heat up on social media platforms, the cryptocurrency community eagerly awaits the outcome of this surge in social activity on TIA's price trajectory.