The Assangedao, established in February 2022, aimed to raise financial support for Julian Assange’s legal battles through the issuance of the JUSTICE token. During the fundraising effort, the DAO accumulated approximately 16,593 ETH, equivalent to around $53 million at the time. This fund claims to help cover Assange’s and Wikileaks’ legal and advocacy expenses, amounting to over $37 million thus far.

Following Assange’s release from a U.K. prison on June 24, 2024, the JUSTICE token saw a dramatic increase in value, driven by speculative dynamics common in crypto markets. However, the initial excitement soon led to a market correction, with the token’s value declining by more than 18% within 24 hours, reflecting the complex interplay of market sentiment and fundamental developments.

The future trajectory of Assangedao and its token remains uncertain, as the community reflects on its goals following Assange’s release, possibly redirecting its focus towards broader advocacy for freedom of information and transparency. Supporting Julian Assange’s freedom has been achieved with his recent release. Despite the decline on Wednesday, the crypto asset is still up 223% against the U.S. dollar over the last two weeks.

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