Celestia’s native token TIA is trading around $1.5, roughly 92–95% below its 2024 peak near $20–21. This steep decline has sparked a wave of criticism on social media over Celestia’s tokenomics and price performance.
In a post on X, co-founder Mustafa Al-Bassam pushed back against the uproar, noting that all Celestia founders and core engineers remain committed to the project.
He highlighted that Celestia holds over $100 million in reserves and has more than a six-year financial runway.
Al-Bassam described the accusations as “FUD” (fear, uncertainty, doubt) and argued that deep drawdowns are common in crypto.
Source: X
His comments followed community outcry over token unlocks and alleged insider sales, and a brief 11% price rally after his statements.
Community Backlash
Investors and observers have grown restless with Celestia’s performance. Launched on Oct. 31, 2023 via a large airdrop, TIA began around $2.30 and then rallied to over $21 in early 2024.
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We współpracy z: https://www.thecoinrepublic.com/2025/06/24/celestia-co-founder-defends-project-as-token-nosedives-95/
