Celestia co-founder responds to FUD: has over $100 million in reserves, enough to operate for more than 6 years

ChainCatcher news, according to a tweet by Celestia co-founder Mustafa Al-Bassam, despite the increasing FUD (fear, uncertainty, and doubt) against Celestia in the market, all founders, early employees, and core engineers are still steadfast in their positions, maintaining the same enthusiasm for work as when the project was launched.

Al-Bassam stated that Celestia currently has over $100 million in reserves and more than 6 years of operational funding, and the team is prepared for long-term development. He also mentioned that he has been involved in the cryptocurrency space since 2010 and understands that all tokens experience about a 95% drawdown during their lifecycle, so he is not surprised by the current market fluctuations.