Since the initiation of the proposal, the price of $APED has skyrocketed, as investors anticipate liquidation.
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This move blind-sided Kyloren, the DAO's founder.
In response, he has removed the majority of liquidity of the $WETH/$APED liquidity pool on Uniswap to prevent more people from accumulating at a "discount".
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What happens next?
Assuming the vote passes, the DAO would "officially" have to liquidate.
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However, the DAO's treasury is locked behind a multi-sig wallet with four signers.
One of the signers has voted towards liquidation. The other 3 have not voted yet as far as I can tell.
Multisig:
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Even if the liquidation vote passes, there is always the possibility that the multi-sig signers do not proceed with the actions.
Web3 isn't perfect and we still need humans-in-the-loop. Delegation of actions to multi-sigs is one of them.
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For now, all we can do is wait and see what happens.
This scenario is reminiscent to a trad-fi concept called Corporate Raids, where investors buy up ownership of a company and use voting power to force liquidation of the assets for a profit
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Disclosure: I was a member of ApeDAO from July 2021 to December 2021. I am not longer involved with the DAO and have not participated in the current discussion or voted in anyway.
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The DAO also owns a Crypto punk, MAYCs, Chromic Squiggles, Kongz, and many other blue chip NFTs.
Entire treasury: apedao-assets.vercel.app
Wallet 1: opensea.io/0xfa898efdb91e
Wallet 2: opensea.io/ApeDAO
Wallet 3:
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Web3 truly in its Wild West moment right now. This is a shining example
Seeing how ApeDAO navigates through this decision will be a learning lesson and great case study of decentralized coordination of millions of dollars between strangers, with conflicting interests
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81 Bored Apes + Mutants are potentially about to be sold by the 3rd largest holder @ApeDao_, pending an ongoing divided & heated community vote to liquidate the DAO.
Here's the insider scoop 
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