ATOM Surges As Proposal Passes To Add NTRN to Cosmos Hub’s Community Pool, Celestia Token Goes Live for Trading

Daily Top Performer — Cosmos (ATOM)

The SPX index is up 1.2%, led by consumer discretionary, consumer staples and energy. The broader cryptocurrency market is down, with Bitcoin dropping 0.35% and Ether dropping 0.28% in the past 24 hours. 

Today’s outperformer is ATOM, which surged 9.2% in the past 24 hours as Cosmos Hub received 42,727,950 of NTRN that were unclaimed in the airdrop to the community pool.

Cosmos Hub (ATOM), launched in 2019, is a cornerstone of the broader Cosmos ecosystem. It is focused on building an interconnected "Internet of Blockchains" and operates with its native token, ATOM. A new governance proposal, #835, has recently passed to transfer 42,727,950 of NTRN that were unclaimed in the Neutron airdrop to Cosmos Hub’s community pool. This policy aims for a sustained synergy between Cosmos Hub and Neutron, enhancing both cross-chain functionality and governance. 

Check Out the Latest Prices, Charts, and Data of ATOMUSDT Perp and ATOM/USDT Spot!

Talk of the Town:

Celestia is set to launch its mainnet and native token, TIA, on October 31, with Bybit initiating trading at 10 p.m. UTC. Celestia aims to offer a developer-friendly, modular blockchain architecture, allowing for parallel consensus on transactions across chains executed off-chain. The TIA token is needed for governance, gas fees, and fees for developers to use Celestia. Upon mainnet activation, 1 billion TIA tokens will be minted, with the airdrop comprising 6% of the total supply. The project recently secured $55 million in funding led by Bain Capital and Polychain, pushing its valuation above $1 billion.

Check Out the TIA staking on Bybit Launchpools here!