Celestia faced widespread FUD after reports alleged that Celestia executives unlocked their tokens early and sold millions of TIA privately, disadvantaging retail holders

Quotes that support claims

Another X user, Shrutebuck, criticized the timing of the unlocks. “They rewarded their early investors and themselves at the expense of retail, then they cry on the timeline about the ‘ridiculous FUD’ when the token is down 98%.”

The news came alongside reports of an unlock that gives the project’s executive team full access to their token allocations. Crypto commentator AB Kuai alleged that top executives fully unlocked and sold off their TIA last October. The analyst also claims that lower-level members unlocked TIA early by the end of that month.