ConstitutionDAO was a crowd-funding movement to buy a first-edition copy of the U.S. constitution. PEOPLE is the token representing a share of the ConstitutionDAO. Since the bid for the document has failed, the PEOPLE token is now representing a DAO movement with historical significance.( Copied introduction by the medium of binance)
Billionaire Ken Griffin refused this movement and announced it would shut down also announced to refund all donations back to contributors.
(DAO) token PEOPLE, formerly known as ConstitutionDAO, has pumped over 33% today in a shocking price movement.The reason for this price pump is very clear as contributers are seen in anger and yelling scam!scam! in every social media platform.So this breakout of ConstitutionDAO in May 2024 can be one of the strategic market reactions too.
There have not been noticed any news from ConstitutionDAO if the project is being revived also there is not a clear picture of social media associated with DAO representatives.
There are rumors of starting ConstitutionDAO project again ,this may be an attraction to new investors. Or it could be a false pump and dump to catch trader's money.
However,all the statements need clarification by ConstitutionDAO representatives.
