BlockBeats News, June 24th, Yesterday, Twitter user 0xCircusLover posted a tweet revealing that "Celestia's executive team will unlock all tokens in October 2024. In addition, Celestia founder Mustafa Al-Bassam sold over $25 million worth of TIA tokens over-the-counter and moved to Dubai."
In response, Mustafa today tweeted seemingly suggesting, "I have been involved in the cryptocurrency field since 2010 and I understand that surviving in this industry requires unwavering spirit to withstand various challenges because all tokens at some point in their lifecycle will experience a 95% drop. We have over $100 million in reserve funds, and our cash flow can support operations for over 6 years, so we are prepared for a long battle, no matter how long it takes."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.