đ€Ł Attention DeFi and Web 3 enthusiasts! FloorDAO, an NFT-Fi focused crypto group, just "forked" into two separate entities to shake off pesky activist investors. đ±
These investors had a huge stake in governance tokens, so FloorDAO sent them $2.5M in crypto tokens and NFTs to a splinter group called FloorkDAO. đž The investors then cashed out, valuing each FLOOR token at nearly $5, up from $1.89 earlier this year. đ
This drama highlights the rise of activist crypto investors targeting decentralized autonomous organizations (DAOs) with sizable treasuries. đŻ They buy governance tokens at a low price and push for a better buyout. đ€
So, what do you think about this fork-tastic situation? Share your thoughts in the comments! đŁïž Let's get the conversation going! đŹ
These investors had a huge stake in governance tokens, so FloorDAO sent them $2.5M in crypto tokens and NFTs to a splinter group called FloorkDAO. đž The investors then cashed out, valuing each FLOOR token at nearly $5, up from $1.89 earlier this year. đ
This drama highlights the rise of activist crypto investors targeting decentralized autonomous organizations (DAOs) with sizable treasuries. đŻ They buy governance tokens at a low price and push for a better buyout. đ€
So, what do you think about this fork-tastic situation? Share your thoughts in the comments! đŁïž Let's get the conversation going! đŹ