🚨 CELIA Token Listing Sparks 10% Correction Despite $20K Liquidity & 70M Token Burn
Investors are sounding the alarm as CELIA token plunges 10% immediately post-listing, despite a $20,000 liquidity injection and a massive 70 million token burn. The sharp decline has intensified scrutiny over the project's Contract Wolf audit verification, with growing community concerns about token visibility, long-term sustainability, and underlying trust issues now dominating market sentiment.
Celia Token Liquidity Phase One Go Live
The Celia Wallet Update has brought the spotlight back, especially after the liquidity injection, which saw the project inject $20,000 into the BNB pool, described only as phase one. This came shortly after the highly anticipated launch, which took place on the 30th of March, alongside the start of DEX trading, which began after the mainnet migration took place on the 10th of March.
The liquidity injection has been attributed to the temporary price decline, which has been attributed to the project’s early investors taking profits, which can be described as normal behavior. However, the project noted that once the selling pressure subsides, there could be more robust hands to support the project’s growth.
Source: Official X
The liquidity injection process saw the swapping paused for a few minutes to avoid losses resulting from slippage, which had been a concern in the market, especially after the pool phase depth was noted to be thin compared to the $500,000 liquidity promise, which had been made prior to the Celia Token listing date.
Price Breakdown: CELIA Falls Sharply Below Expected Listing Range
Before the listing date, the community was expecting a listing price above $0.20, according to previous narratives and the expected pool phase support of $500K. However, this token price quickly declined after listing, trading at a price of $0.01 before further decreasing to a price of $0.0025 to $0.0030, according to community-tracked levels on DEX, which were shared after the Pool phase event.
This indicates that trading nearly 98% below its expected listing price, and the price prediction will largely depend on whether the project will proceed with its next liquidity event.
However, the current price will recover with a new liquidity pool of $20K, which was recently added, although a higher level of capital support will be required for a price recovery.
Source: X
70M Unclaimed CELIA Token Burned Permanently
The second major milestone in the launch date was the permanent burn of over 70 million unclaimed tokens.
The project team had previously communicated its plan to burn all March unclaimed balances from the Celia token claim process by 11:59 PM UTC+1 on March 29.
This burn will have a significant effect on price models, as supply will be reduced after the Celia token launch date.
Source: X
Contract Wolf Audit and Founder KYC Aim to Restore Confidence
In an effort to clear the scam rumors, the project announced that the ecosystem has been verified by Contract Wolf, which attained a 93% audit score and does not have any major bugs.
The founder also revealed that the KYC for the founder has been provided and is ready for public release to the relevant authorities in case of any malicious activity, such as a rug pull, being detected in the future. This is despite the community members demanding answers regarding the CELIA token contract address, the visibility of the wallet migrations, and the unclaimed balances since the Celia token listing date.
Source: X
However, the next phase is set to be the key determinant of the future and whether it will recover from the losses and stabilize or continue to dip following the listing.
Conclusion
The update is a significant development, despite the uncertainty and rumors surrounding it. The project is set to recover based on the next phase.
Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses. Crypto assets are highly volatile, and you can lose your entire investment.
