$PEOPLE As a KOL in the cryptocurrency circle, let me analyze the reasons behind the surge in the People (ConstitutionDAO) coin. ConstitutionDAO is a decentralized autonomous organization whose original goal was to crowdfund to purchase a rare copy of the U.S. Constitution. Although the bid was ultimately unsuccessful, the sharp rise in its native token PEOPLE during and after the process attracted widespread attention. Here are some possible reasons for the surge in the PEOPLE token:

I. Background and story

1. Eye-catching story:

• The story of ConstitutionDAO is very attractive. It represents an attempt by a decentralized community to work towards a common goal, and this story of grassroots movement and collective action has attracted a lot of media and public attention.

2. FOMO (fear of missing out) effect:

• Because this bidding event attracted the attention of a large number of investors and media, many people were worried about missing out on this possible high-return investment, so they bought PEOPLE tokens, driving up the token price.

II. Market Demand and Liquidity

1. Market Demand:

• ConstitutionDAO has gathered a large amount of funds and participants in a short period of time, showing strong market demand and community support. This demand directly drives up the price of tokens.

2. Liquidity:

• The listing of PEOPLE tokens on multiple exchanges has increased its liquidity and attracted more investors. The listing of these exchanges has also increased the popularity and market acceptance of the tokens.

III. Community and Social Media Influence

1. Strong Community Support:

• ConstitutionDAO has a very active and loyal community. These supporters not only participated in the crowdfunding, but also actively promoted and promoted it on social media, increasing the popularity and popularity of PEOPLE tokens.

2. Social Media Promotion:

• Extensive discussions and promotions on social media, including discussions on platforms such as Twitter, Reddit, and Discord, increased the exposure and appeal of PEOPLE tokens.

IV. Speculation and Hype

1. Speculative Activities:

• Many investors saw the potential of PEOPLE tokens and used them as a target for short-term speculation. A large number of buying behaviors pushed up the price of tokens.

2. Market Hype:

• Media coverage and comments from market analysts may have also fueled the hype, further driving up token prices.