Mustafa Al-Bassam stated, while addressing FUD sparked by claims that insiders unlocked and sold tokens early, that Celestia holds a $100 million treasury and a six-year runway

Quotes that support claims

Celestia co-founder Mustafa Al-Bassam pushed back on X, calling the general scrutiny "FUD," and stated that the project’s team remains intact. “All Celestia founders, early employees, and core engineers are still here,” he wrote. He added that 95% of drawdowns occur during the life cycle of most tokens and insisted that the project is well-funded to weather major downturns. “We have a $100 million war chest and a six-year runway, so we’re ready to play the long game,” Al-Bassam’s Sunday post reads.

“Despite the FUD (which is getting more ridiculous by the day), all Celestia founders, early employees and core engineers are still here and working as hard as we did when Celestia started 5 years ago,” Al-Bassam wrote in a Monday post on X.

The rally follows a direct response from co-founder Mustafa Al-Bassam, who confirmed that Celestia has over $100 million in reserves, enough to fund operations for over six years.