Celestia面臨著內幕傾銷影響TIA令牌價值的指控。創始人穆斯塔法·巴薩姆（Mustafa al-Bassam）在社區不信任的情況下為項目的財務健康和長期願景辯護。

Celestia's TIA Token Under Fire: Insider Dumping Allegations and the Founder's Response

Celestia的Tia令牌在火中：內部人士傾銷指控和創始人的回應

Celestia, the modular blockchain network, is navigating rough waters. Accusations of insider dumping have surfaced, sending ripples of concern through its community and impacting the price of its TIA token. The allegations center around claims that early backers and leadership quietly offloaded significant TIA holdings, while retail investors bore the brunt of a subsequent price decline. Founder Mustafa Al-Bassam has stepped up to address the concerns, defending Celestia's financial stability and long-term prospects.

模塊化區塊鍊網絡Celestia正在瀏覽粗大的水域。內幕傾銷的指控浮出水面，通過其社區引起了人們的關注並影響其TIA令牌的價格。這些指控圍繞著聲稱，早期支持者和領導層悄悄地折斷了大量的TIA控股，而散戶投資者則首先引起了隨後的價格下跌。創始人穆斯塔法·巴薩姆（Mustafa al-Bassam）加緊解決了這些問題，捍衛了塞萊斯蒂亞（Celestia）的財務穩定性和長期前景。

Allegations of Insider Dumping and Opaque Tokenomics

內幕傾銷和不透明令牌的指控

A viral thread on X by “Startup Anthropologist” ignited the controversy, alleging that Celestia's executives had full token unlocks last October. The thread further claimed that Al-Bassam sold over 25 million TIA tokens in over-the-counter (OTC) deals before relocating to Dubai. The post also criticized the project’s multi-year token unlock plan, arguing that it disproportionately benefits early investors at the expense of long-term holders. Another X user, Shrutebuck, echoed these sentiments, stating that early investors profited while regular investors lost out.

X上的“創業人類學家”上的病毒線程引發了爭議，指控Celestia的高管去年10月解鎖了全部令牌。該線程進一步聲稱，在搬遷到迪拜之前，Al-Bassam在非處方（OTC）交易中售出了超過2500萬個TIA令牌。該帖子還批評該項目的多年代幣解鎖計劃，認為該計劃不成比例地受益於早期投資者，而犧牲了長期持有人。另一位X用戶Shrutebuck回應了這些觀點，指出早期的投資者在常規投資者損失時獲利。

The Founder's Defense: Financial Strength and Long-Term Commitment

創始人的辯護：財務實力和長期承諾

In response to the mounting criticism, Al-Bassam dismissed the accusations as “increasingly ridiculous” FUD (fear, uncertainty, and doubt). He emphasized that all founders, early employees, and core engineers remain fully committed to Celestia five years in. Al-Bassam also disclosed that Celestia boasts over $100 million in reserves, sufficient to fund operations for at least six years. He argued that significant drawdowns are common in the crypto industry and not necessarily indicative of wrongdoing.

為了應對越來越多的批評，艾爾·巴薩姆（Al-Bassam）駁斥了這些指控是“越來越荒謬的” FUD（恐懼，不確定性和懷疑）。他強調，所有創始人，早期員工和核心工程師在五年內都完全致力於Celestia。 Al-Bassam還透露，Celestia擁有超過1億美元的儲備金，足以為運營提供至少六年的資金。他認為，在加密貨幣行業中很常見，不一定指示不當行為。

Echoes of Past Skepticism

過去懷疑論的迴聲

This isn't the first time Celestia has faced scrutiny. Back in May, investor Larry Sukernik cautioned that Celestia risked prioritizing hype over genuine dApp (decentralized application) traction. He argued that appchains require robust user bases to thrive. At the time, Al-Bassam countered that Celestia predated the current rollup boom and now supports over 30 integrated rollups, claiming roughly half of the data-availability market share.

這不是Celestia第一次面臨審查。早在5月，投資者拉里·蘇克內克（Larry Sukernik）警告說，塞萊斯蒂亞（Celestia）風險優先考慮炒作，而不是真正的DAPP（分散應用）牽引力。他認為，Appchains需要強大的用戶群才能蓬勃發展。當時，Al-Bassam反駁說，Celestia早於目前的匯總繁榮，現在支持30多個集成匯總，聲稱大約有一半的數據可用性市場份額。

The Road Ahead: Rebuilding Trust and Delivering on Promises

前進的道路：重建信託並兌現承諾

Despite the controversy, TIA experienced a temporary surge, rising by over 10% after Al-Bassam's defense, trading close to $1.60. However, it remains significantly down from its peak. The real challenge now lies in rebuilding trust within the community. Celestia must demonstrate transparency regarding its token unlocks, achieve roadmap milestones like governance upgrades, and foster authentic developer and user adoption.

儘管引起了爭議，但TIA經歷了暫時的激增，在Al-Bassam的防守後增長了10％以上，交易接近1.60美元。但是，它的峰值顯著下降。現在真正的挑戰在於在社區內重建信任。 Celestia必須證明其令牌解鎖，實現諸如治理升級之類的路線圖里程碑以及培養真實的開發人員和用戶採用。

My Take: Transparency is Key

我的看法：透明是關鍵

While Al-Bassam's defense offers some reassurance, the allegations highlight the critical importance of transparency in crypto projects. Clear and accessible information regarding token distribution, unlock schedules, and team incentives is crucial for fostering trust and preventing accusations of insider manipulation. Celestia's success hinges on its ability to address these concerns and demonstrate a commitment to its community.

儘管Al-Bassam的辯護人提供了一些放心，但指控突出了加密項目中透明度的至關重要。有關令牌分配，解鎖時間表和團隊激勵措施的清晰可訪問的信息對於促進信任和防止指控內部操作至關重要。塞萊斯蒂亞（Celestia）的成功取決於其解決這些問題並表現出對社區的承諾的能力。

So, what's the takeaway? This whole situation is a bit of a rollercoaster, right? Celestia's got the tech, the funding, and a founder ready to throw down. But trust? That's earned, not given. They need to show, not just tell, that they're playing fair. Otherwise, this could be a bumpy ride for everyone involved.

那麼，收穫是什麼？整個情況有點像過山車，對嗎？塞萊斯蒂亞（Celestia）獲得了技術，資金和創始人準備拋棄的創始人。但是信任呢？這是賺取的，沒有給出。他們不僅要證明他們的表現都很公平。否則，這可能對每個參與其中的人來說都是坎bump的。