Celestia Lianchuang responds to FUD: With over $100 million in capital reserves, it is enough to operate for more than 6 years

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Cointime2025/06/24 06:00

By:Cointime

according to Mustafa Al-Bassam, co-founder of Celestia, despite the increasing FUD (fear, uncertainty, and doubt) targeting Celestia in the market, all founders, early employees, and core engineers are still holding their positions, maintaining the same enthusiasm for the project as when it started. Al-Bassam stated that Celestia currently has over $100 million in reserves and over 6 years of operating funds, and the team is prepared for long-term development. He also mentioned that he has been involved in the cryptocurrency field since 2010 and understands that all tokens will experience about a 95% drawdown in their lifecycle, so he is not surprised by the current market fluctuations.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

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Bitget-RWA•2025/09/12 06:14