Celestia has experienced significant volatility since its TIA token airdrop to 580,000 users in 2023, initially soaring to $20 before plummeting to under $1. Despite the downturn and community backlash over alleged insider activities, co-founder Mustafa Al-Bassam reassures stakeholders of the project's resilience, backed by a $100 million war chest and a total fundraising of $155 million led by Bain Capital Crypto. Meanwhile, Celestia's technology is gaining traction, with DeFi protocol Ethena and tokenization firm Securitize planning to integrate its data availability network for their upcoming blockchain launch. These developments highlight Celestia's dual narrative of financial challenges and technological adoption, positioning it as a notable player in the evolving blockchain landscape.
Celestia's TIA Token: Navigating Volatility and Future Prospects
September 09, 2025
1 min read
Celestia has experienced significant volatility since its TIA token airdrop to 580,000 users in 2023, initially soaring to $20 before plummeting to under $1. Despite the downturn and community backlash over alleged insider activities, co-founder Mustafa Al-Bassam reassures stakeholders of the project's resilience, backed by a $100 million war chest and a total fundraising of $155 million led by Bain Capital Crypto.