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ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiled
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PEOPLE, the governance token of ConstitutionDAO, soared in value by nearly 200% in just 24 hours despite its trading volumes falling off the cliff in the same period, data on CoinMarketCap shows.
The cost to purchase 1 PEOPLE token surged to $0.0321 compared to $0.0110 24 hours ago. In contrast, its trading volumes across the crypto exchanges dropped by almost 100% to over $181,000, reflecting that the ongoing bullish move had very little support behind it.
The massive upside momentum in PEOPLE’s market came at a time when users must have been dumping it for the Ethereum blockchain’s native token, Ether (ETH).
That is primarily because ConstitutionDAO, a decentralized autonomous organization (DAO), crowdsourced over $47 million in Ether via
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