The ConstitutionDAO (PEOPLE) token has experienced notable price fluctuations recently. Over the past week, the price of PEOPLE has declined by about 20.31%, although it saw a modest increase of around 7.02% in the last 24 hours. Currently, $PEOPLE is priced at approximately $0.09 per token, which is significantly below its all-time high of $0.16.
#ConstitutionDAO was originally created to facilitate the purchase of a copy of the U.S. Constitution. While the DAO raised over $40 million in #ETH🔥🔥🔥🔥 , it ultimately failed to win the auction. As a result, the DAO dissolved, and the PEOPLE token lost its original governance and utility functions. Now, PEOPLE can be redeemed for Ethereum at the original contribution ratio, though it remains actively traded.
The market cap of ConstitutionDAO is about $457.2 million, with a circulating supply of approximately 5.1 billion PEOPLE tokens. The 24-hour trading volume is around $140.5 million, indicating significant trading activity despite the token's diminished functional purpose.