Mustafa Al-Bassam, co-founder of Celestia, asserted that the team is dedicated and financially stable despite rising allegations of misconduct and community skepticism. In a recent post on X, he emphasized that all founders and core engineers remain committed to their work, just as they have been since Celestia's inception five years ago. Al-Bassam acknowledged that significant token fluctuations are typical in the industry and highlighted Celestia's robust long-term prospects, backed by a $100M+ reserve and a six-year operational runway. His remarks followed criticism from tokenholders and researchers who accused the team of selling large amounts of TIA tokens while retail investors faced a 95% decline. Al-Bassam's response likely addressed a critical thread on X that garnered over 200,000 views, alleging financial misconduct by the Celestia team. Despite the backlash, Al-Bassam defended Celestia's relevance in the market, citing its significant share in data availability throughput. Currently, TIA is trading at $1.61, down over 92% from its peak of $20.91. Read more AI-generated news on: https://app.chaingpt.org/news

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