According to Odaily Planet Daily, well-known DeFi investor Sisyphus posted on X that Celestia's recently completed $100 million financing was an over-the-counter transaction that the foundation directly reached with several institutions a few months ago, with a financing valuation of $3.5 billion.

Sisyphus added that these token shares may be unlocked in October. If institutions can sell all unlocked assets at $7.5, they will break even.

Earlier news, user X NFTethics revealed that the real identity of Sisyphus was Kevin Pawlak, the former head of OpenSea Ventures.