Celestia Slammed with Insider Dumping Accusations—Here’s What the Founder Just Said

币界网报道:Celestia founder Mustafa Al-Bassam addressed accusations of insider dumping following the project's TIA token airdrop, denying any wrongdoing and clarifying the distribution process. The modular blockchain network faced criticism after on-chain data showed early contributors selling portions of their allocated tokens shortly after the October 31 airdrop. Al-Bassam explained that these sales represented less than 0.6% of the total circulating supply and came from vested allocations to early backers, not team members. He emphasized that core team tokens remain locked for one year, with subsequent three-year linear releases. The founder also noted that Celestia's transparent blockchain design makes such transactions publicly visible, unlike traditional startups where similar early investor sales typically go unnoticed. The project maintains that its token distribution was fairly structured, with 60 million TIA (6% of total supply) allocated to developers and 20 million to early researchers and testnet participants.

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