Celestia founder dismisses FUD, cites $100M war chest amid backlash

Description

Al-Bassam rejects insider-dumping claims, stressing the founders’ continued commitment and a $100 million “war chest” to outlast FUD and token drawdowns.

Authors

Amin Haqshanas

Publish date

June 24, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/celestia-founder-defends-team-amid-dumping-allegations

Referenced by

Celestia co-founder says team remains strong despite FUD

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“All c-suite had unlocks in early Oct. 24... Mustafa sold 25M+ in OTC, moved to Dubai,” the post alleged. The thread further claimed that prominent figures were paid to promote the TIA token while employees quietly offloaded holdings.

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At the time of publication, Celestia’s TIA is trading at $1.61, up 14% over the past day. However, the token is down more than 92% compared to its all-time high of $20.91, registered in June last year.

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