Celestia’s TIA token is 17% higher over the last 24 hours to $1.58. The increase follows co-founder Mustafa Al-Bassam assuring the six-year economic roadmap and the project’s reserves of $100 million. Al-Bassam put an end to insider selling and community fear through a recent social media update.
Celestia’s Financial Stability
Celestia has guaranteed its financial soundness against the accusation and allegation of malpractice. Al-Bassam testified that the company is sitting on more than $100 million in reserves, which shields it from market uncertainties. Such a buffer provides a safe working base, raising investor confidence.
Handling Insider Trading Problems
In his response, Al-Bassam ruled out accusations of token dumping and insider trading against Celestia. The group dumped enormous amounts of TIA tokens, whose value plunged 95% since it reached its all-time high worth.
Al-Bassam did reassure supporters, however, that all of the founders and engineers from the very start are dedicated to the long-term future of the project, and that they perform the same work today as five years ago when the project started.
Community Trust and Future Perspective
The public remains suspicious despite the recent price run-up. There has been a call for more transparency in token handling and allocation, it has been stated. Investors are most disturbed to find out how insiders have manipulated the market to their own cost, destroying retail investors’ appetite.
To address such issues, Celestia will enhance its communication process and listen to its users. The project will disrupt the constraints of its current form and innovate further outside its sphere in the blockchain space.
Celestia’s commitment of a $100 million cushion and adherence to a six-year operational plan steadied TIA token price, which surged 17%. The project would, however, still require fixing the age-old problem of insider trading and community governance. With stable financial footing and a committed team, Celestia is optimistic about restoring investor confidence and providing long-term stability.
