### Aiccelerate DAO Responds to Insider Selling#
Hot Topic Overview
Overview
Aiccelerate DAO, a DAO focused on crypto AI, has sparked controversy after its launch due to rapid token dumping by some insiders. The project raised approximately $175,000 on the Solana network and its market cap has reached $150 million, a nearly 1000x increase from its initial funding. Bankless Ventures, in particular, faced criticism for selling 10% of its token allocation, later rebuying some tokens. In response to the controversy, Aiccelerate DAO has promised to implement a token locking mechanism and vesting schedules for individual allocations to prevent similar events from happening again.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO (AICC) has faced controversy after some insiders rapidly dumped tokens following the project's launch. The project has promised to implement a token lockup mechanism in response to criticism. 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, an almost 1,000x increase from its initial funding. Bankless Ventures bought back its 10% token stake after facing community criticism following its initial sell-off. To further address the controversy, Aiccelerate DAO said it will implement vesting schedules for individual allocations and is discussing similar treatment for advisors with its consultants. The project's X account was also suspended on Saturday, with the reason unclear.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Aiccelerate DAO insiders selling tokens sparks controversy, damaging project reputation.
Aiccelerate DAO pledged to implement token lock mechanisms to prevent insiders from dumping tokens rapidly.
Aiccelerate DAO will increase vesting structures to limit the speed at which insiders can sell their token allocations.
The insider selling from Aiccelerate DAO has raised questions about the project's credibility and transparency.