Celestia founder responds to coin selling concerns: All tokens will experience a 95% fall at some stage of their lifecycle, and the team currently has over 100 million dollars in reserves.
Foresight News reported that yesterday Twitter user 0xCircusLover posted a post breaking the news that "Celestia's senior management team unlocked all tokens in October 2024, and in addition, Celestia founder Mustafa sold more than $25 million worth of TIA tokens through over-the-counter OTC and moved to Dubai." In response, Mustafa said in a post today, "I have been in the crypto space since 2010 and know that it takes resilience to survive in this industry, as all tokens experience a 95% drop at some point in their lifecycle. With more than $100 million in capital reserves and a path in place for the next six years or more, we're ready to fight the long haul, no matter how long it takes."
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Celestia founder responds to coin selling concerns: All tokens will experience a 95% fall at some stage of their lifecycle, and the team currently has over 100 million dollars in reserves.
Foresight News reported that yesterday Twitter user 0xCircusLover posted a post breaking the news that "Celestia's senior management team unlocked all tokens in October 2024, and in addition, Celestia founder Mustafa sold more than $25 million worth of TIA tokens through over-the-counter OTC and moved to Dubai." In response, Mustafa said in a post today, "I have been in the crypto space since 2010 and know that it takes resilience to survive in this industry, as all tokens experience a 95% drop at some point in their lifecycle. With more than $100 million in capital reserves and a path in place for the next six years or more, we're ready to fight the long haul, no matter how long it takes."