Celestia Founder Responds to Criticism: All Tokens Experience a 95% Drop at Some Point in Their Lifecycle, Team Currently Holds Over $100 Million in Reserves

Foresight News reported that yesterday, Twitter user 0xCircusLover revealed that the Celestia executive team will unlock all tokens in October 2024. In addition, Celestia founder Mustafa allegedly sold over $25 million worth of TIA tokens over-the-counter (OTC) and moved to Dubai. In response, Mustafa posted today, stating, "I have been involved in the cryptocurrency space since 2010 and understand that surviving in this industry requires resilience and the ability to withstand all kinds of challenges, as every token will experience a 95% drop at some point in its lifecycle. We have over $100 million in reserves and a development roadmap planned for more than six years into the future, so we are prepared for the long haul, no matter how long it takes."