On June 24, 2025, Celestia co-founder Mustafa Al-Bassam addressed accusations of insider trading and the significant decline in the TIA token's value. This response comes amidst growing criticism from token holders and independent researchers. The TIA token has experienced a 95% decline from its all-time high.
Al-Bassam stated that the team remains committed to the project despite the challenges. He highlighted Celestia's strong financial position, mentioning a war chest of over $100 million and a runway exceeding six years. The remarks were made in response to allegations of coordinated financial misconduct.
As of June 24, 2025, TIA is trading at $1.59, a stark contrast to its all-time high of $20.91 in February 2024. The upcoming v4 Lotus upgrade, scheduled for June 2025, aims to improve interoperability and reduce TIA token inflation.