PEOPLE Continue to break through and increase strongly!

The major price increase in the PEOPLE market comes at the moment when users exchange it for the native token ETH of the Ethereum blockchain.

That's mainly because ConstitutionDAO, a decentralized autonomous organization (DAO), crowdfunded more than $47 million in ETH through a PEOPLE sale. They wanted to use the proceeds to buy a rare copy of the US constitution but lost out to billionaire Citadel CEO Ken Griffin in a recent auction organized by Sotheby's.

Having failed to purchase the constitution and keeping $47 million in ETH in a multi-signature wallet, ConstitutionDAO decided to refund the entire amount to the sponsors. But many in the DAO community on Discord emphasized that they don't want to pay exorbitant gas refund fees.

In response, the ConstitutionDAO team offers two options to donors: they can return the PEOPLE token for ETH (minus gas fees) or choose to receive a new governance token, called We The People (WTP), which No need to pay gas fees, at a rate of 1 PEOPLE = 1 WTP.

Meanwhile, if donors do not choose to request a refund, ConstitutionDAO will retain that capital.

As a result, the DAO will be able to keep a portion of ETH in its treasury as long as sponsors convert PEOPLE to WTP or do not receive any compensation. So, if the value of ETH increases, the price of WTP will likely increase in parallel.

👉The ratio of Fomo + thrust is still very strong

👉 Prepare for information about the US presidential election

👉 $ETH fund approved + having the same meme coin trend is still very strong.