Celestia’s native token, TIA, surged over 11% on Tuesday, defying a storm of community criticism over insider sales, alleged early token unlocks, and internal controversy. 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. Celestia Under Fire over Unlock Timeline and Insider Sales Claims Reports indicate that co-founder Mustafa Al-Bassam sold over $25 million tokens via over-the-counter (OTC) deals. “Mustafa frantically dumped $25 million OTC and fled to Dubai to lay low Andy took money to pump, suspected of calling buys at the peak to offload Yaz was kicked out directly due to sexual harassment, leaving the crypto scene Nick and Abril are playing their duet in Paris… So, really, don’t talk ideals with projects; the script was written long ago, and the wallet is king,” one X user claimed
source: https://beincrypto.com/tia-rally-celestia-founder-reserves/