Odaily News Celestia founder Mustafa Al-Bassam posted on X: “Despite the ongoing FUD, which becomes more absurd by the day, all the founders, early employees, and core engineers of Celestia remain steadfast here, and we are still as committed as we were when Celestia was founded five years ago. I don’t care about any FUD; I entered the encryption industry in 2010 and have long understood that surviving in this field requires thick skin and the ability to swallow sand. After all, all tokens will experience a 95% big dump during their lifecycle. We have over $100 million in reserve funds and more than six years of operating funds, so we are prepared for a prolonged battle, no matter how long it takes.”
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Celestia founder: Reserve funds exceed $100 million, enough to support operations for over 6 years.
Odaily News Celestia founder Mustafa Al-Bassam posted on X: “Despite the ongoing FUD, which becomes more absurd by the day, all the founders, early employees, and core engineers of Celestia remain steadfast here, and we are still as committed as we were when Celestia was founded five years ago. I don’t care about any FUD; I entered the encryption industry in 2010 and have long understood that surviving in this field requires thick skin and the ability to swallow sand. After all, all tokens will experience a 95% big dump during their lifecycle. We have over $100 million in reserve funds and more than six years of operating funds, so we are prepared for a prolonged battle, no matter how long it takes.”