#Aiccelerate DAO Responds to Sell-Off Controversy#
Hot Topic Overview
Overview
Aiccelerate DAO (AICC) has been embroiled in controversy after some insiders rapidly dumped tokens after the project launched. The project has now pledged to implement a token lock mechanism and will implement vesting structures for individuals. The project raised 943 SOL (approximately $17.5 million) on the Daos.fun platform on the Solana network, of which $7.5 million came from VIP investors. The project's market cap has reached $150 million, a nearly 1000x increase from its initial funding. Bankless Ventures was criticized for selling 10% of its allocation due to an "impulsive mistake," but later repurchased the tokens. Eliza Labs founder Shaw Walters donated 50% of his token allocation to the ai16z DAO, 20% to other contributors, and his 5 SOL investment has appreciated to roughly $2 million.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO (AICC) has sparked controversy after some insiders rapidly dumped tokens following the project's launch, prompting the project to promise a token lockup mechanism. The project raised 943 SOL (approximately $175,000) on the Daos.fun platform on the Solana network, of which $75,000 came from VIP investors. The project's market cap has reached $150 million, nearly a 1000x increase from its initial funding. Bankless Ventures, after selling its 10% stake, bought it back due to community criticism. In response to the controversy, Aiccelerate DAO said "we will be implementing a vesting structure for individual allocations and are discussing with advisors how to do the same for the team." The project's X account was also suspended on Saturday, with the reason currently unknown.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO insiders quickly dumped tokens, sparking controversy and criticism of the project.
Aiccelerate DAO will implement a token lockup mechanism to prevent insiders from dumping tokens quickly.
Aiccelerate DAO will allocate a vesting structure for individuals to prevent insiders from dumping tokens quickly.
Aiccelerate DAO will discuss with advisors how to allocate a vesting structure for advisors to prevent insiders from dumping tokens quickly.