Folks who donated to ConstitutionDAO were given PEOPLE tokens in exchange, proportional to the amount they donated. Post-auction loss, those can be traded in for a refund (less gas).
Model this: PEOPLE tokens are trading at 30x their refund value! Who is buying these, and why?
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(To make sense of the prices, you need to understand that PEOPLE tokens were issued at 1M per ETH donated)
Also, how could there possibly be a 24h trading volume of ~6k ETH worth of $PEOPLE tokens? The DAO only raised about half that much total!
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I sold mine lol. Probably as a memento for a historical event? And maybe people expecting to sell for even more
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You think most of these buyers are just speculating, hoping a greater fool will come along? It's honestly hard to believe!
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bullshit binance sucking the value out of it, listed on futures DAY 1!! wtf??