Celestia with $ 100 million war treasury-TIA course defies sales for sale
- Celestia confirms $ 100 million Treasury, while the TIA course increases 11% and the suspicion of insider sales is due.
- Despite the fud and a decrease of 92% of the ATH, TIA recovers, among other things, through a hoarding whales and thanks to an upcoming governance overview.
Celestia’s native token tia rose 11% on June 24th and recovered after weeks of the Baisse. The rally followed a public explanation of the founder Mustafa al-Bassam, which confirmed a treasury of $ 100 million and a six-year term. Insider sales, early token releases and governance problems had previously been hot issues of discussion. Despite all of this, the dealers liked the news, and Tia rose to $ 1.56.
Controversy settled
Mustafa al-Bassam publicly confirmed that Celestia has reserves of over $ 100 million and the project is financially secure for more than six years. This happened after a 100 million dollar capital procurement under the direction of Bain Capital Crypto, Syncracy Capital, 1KX, Placeholder and Robot Ventures. Celestia has now collected $ 155 million for the roadmap.
The news about the treasury appeared during the highlight of the examination of insider activities. According to reports, Al-Bassam sold $ 25 million in Tia token in OTC (over the counter) shops. It will too allegedthat top executives received complete token activities last October. From Kuai, a crypto analyst, said team members at the lower level would also have received their token allocations at an early stage.
Several managers were accused of misconduct and claimed that they had misused funds and were tasted into personal scandals. This included claims about inappropriate behavior and token manipulation. Some of the people mentioned, such as Nick White, contested The allegations. Al-Bassam did not reject the allegations directly, but confirmed the team’s commitment to the project.
message to all the cynics and haters out there
I’VE NEVER SOLD A SINGLE TIA
and that includes unlocked staking rewards
try believing in something
— Nick White
(@nickwh8te) February 12, 2025
In an X-Contribution wrote al-bassam:
“All Celestia founders, early employees and core engineers are still here and work as hard as at the beginning of Celestia 5 years ago.”
He emphasized the resistance to the reaction by declaring that
“It is not cried in the casino, which also applies to insiders, so I want as much.”
Market reaction and token activity
Although the allegations have not yet been cleared, the market reacted to the confirmation of the treasury. TIA rose by 11 % to $ 1.56 after the course last reached a low of $ 1.32. This increase took place after a decline of 45 % in the last month and 92 % compared to the maximum.
In addition, the on-chain data show accumulation by large investors. In the last 24 hours, $ 401,000 on the spot exchanges and $ 6.94 million in the last week. It was the highest weekly inflow for over 3 weeks. The whales buy at support levels, although the token is in a general downward trend.
The Open Interest Weighted Funding Rates remained positive, which indicates that the derivative retailers remained optimistic during the upswing. However, some analysts spoke of a “Dead Cat Bounce” in view of the great release of 175.74 million TIA in October there are still concerns about sales pressure.
Releasing in October is the main reason for the reluctance of investors. Critics argue that the insider activities and the governance structure make it difficult to trust the long-term orientation of the project to the owners of private customer token.
Governance reform and progress in the roadmap
In order to clear up the concerns regarding governance, the Celestia community checks a changeover of Proof-of-Stake (POS) to a proof-of-governance model (POG). In this system, the validators are selected by governance and not by staking. The proposal aims to reduce the output of tokens, maintain incentives for validators and to eliminate liquid staking token.
POG is positioned as a natural development of the decentralized architecture of Celestia. It will fix the weaknesses of POS by increasing the control of the community and transparency when selecting the validators.
Celestia’s wider technical timetable includes the scaling of the block size to 1 GB and the support of 20 rollup chains. The modular approach of the project is intended to improve data availability and enable roll-up-based applications with high throughput. This makes Celestia competitive with existing payment networks and strives to scalability of 24,000 transactions per second, similar to Visa.
Im mai explained Al-Bassam, that Many founders remain silent during the bears because they Fear a counter reaction.
“Many founders tweet less these days because the course fell and they are afraid of an angry horde.”
His recent statements and the announcement of the treasury seem to be part of a more comprehensive effort to restore trust.
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