#Aiccelerate DAO Responds to Sell-Off Controversy#
Hot Topic Overview
Overview
Aiccelerate DAO has drawn controversy after some insiders quickly dumped tokens following the project launch, despite the current market cap reaching $150 million. In response to the criticism, Aiccelerate DAO has pledged to implement a token lockup mechanism and a vesting structure for individual allocations. Bankless Ventures was criticized for selling 10% of its allocation due to a “rash mistake”, and later repurchased the tokens. Eliza Labs founder Shaw Walters donated 50% of his token stake to the ai16z DAO, with 20% allocated to other contributors. Aiccelerate DAO's X account is currently suspended for unknown reasons.
Ace Hot Topic Analysis
Analysis
Aiccelerate DAO has been embroiled in controversy after some insiders rapidly dumped tokens following the project's launch. The project has now pledged to implement a token lock mechanism in response to criticism. The project raised 943 SOL (approximately $175,000) on the Daos.fun platform on the Solana network, with $75,000 coming from VIP investors. The project's market cap has reached $150 million, nearly a 1000x increase from the initial funding. Bankless Ventures re-bought its 10% token stake after facing community criticism following the dump. To further address the controversy, Aiccelerate DAO said it would implement a vesting structure for individual allocations and is currently discussing with advisors how to implement a similar structure for advisor allocations. 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 promises to implement a token lock mechanism to prevent insiders from dumping quickly.
Aiccelerate DAO will allocate vesting schedules for individuals and discuss with advisors how to implement similar structures for advisors.
Aiccelerate DAO's insider dumping has drawn criticism from the community.
Aiccelerate DAO's rapid growth and high market cap are significantly different from its initial fundraising.