The founder of Silicia Al -Mustafa Al -Basam claimed that the team is still committed and financially equipped to overcome the storm despite the escalation of accusations of misconduct, and made profits from within and lack of confidence in society.
“Although FUD (which is getting ridiculous every day), all the founders of Celestia, the first employees and the main engineers here are still working hard as we did when Ceilta started 5 years ago,” books In the two publication on X.
Al -Basam claimed that the main symbolic clouds were a natural part of the industry. He added that Celestia has a strong long -term ability, noting “a war+ 100 million dollars and 6+ runway.”
Comments follow increasing criticism from the distinguished symbol holders and independent researchers who claim that the Celestia team is familiar with the emptying of large quantities of TIA symbols while retailers carry the largest burden of pulling the code of 95 %.
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Attract profits and misconduct from the inside
Passam’s publication is likely to be in response to the X Scathing thread by the emerging anthropologist. the mailWhich attracted more than 200,000 views, the Celestia team accused the coordinated financial misconduct.
“All C-Suite opened in early 24th of October … Mustafa sold 25m+ in OTC, moved to Dubai,” she claimed Post. The thread also claimed that the prominent numbers were paid to reinforce the TIA symbol while the employees quietly emptied the holdings.
Another X user, Shrutebuck, criticize the cancellation timing. “Their first investors and themselves have grabbed at the expense of retail, then they cry on the timeline about” ridiculous Fud “when the distinctive symbol decreased by 98 %.”
The criticism targeted the cancellation schedule for the symbolic lock of Celicia. “Why do you have to open a 3/4 -year code?” to request Another X user. “I believe in $ ETH and others … but I do not believe in those who open everything I have in 3 years.”
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Celestia market strategy at audit
Celicia criticism is not new. In May, investor Larry Sukirnick Described Celestia as a warning story trying to drag the market strength in the market through narration and marketing. He said that Appchains and vertical integration only succeed with the rules of loyal user, something that Celista may lack in size.
“The problem was not enough applications with PMF (the suitability of the product market) that is motivated to merger vertically,” Sukirnick wrote, noting a weak timing in the Selsta batch.
At the time, Al -Basam replied by saying that Celestia was launched before it became a basic Rollbus in the scaling of Blockchain, and therefore the team had not expected the “Rolub Industrial Complex”, which grows dramatically.
He defended the importance of the project, referring to more than 30 Rolobes that were published on Celesa and demanding that it control about 50 % of the productivity market for data available (DA). “We are essentially the default solution for Alt-Da these days.”
Nevertheless, Sukernik wondered whether Celestia jumped to the DA area prematurely, given the demand that still exists from Rollups. He pointed out that although Celestia has its share on the market, it may not translate into a real economic power.
At the time of publication, Celestia TIA is trading at $ 1.61, an increase of 14 % over the past day. However, the distinctive symbol decreased by more than 92 % compared to the highest level ever at $ 20.91, registered in June last year.
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The post Celestia Founder Defends Team Amid Dumping Allegations first appeared on Investorempires.com.
