๐FloorDAO forks to shake off activist investors!๐ฅ A group of activist investors amassed a significant stake in NFT finance-focused crypto project FloorDAO, causing a split into two entities. Over $2.5M from FloorDAO's treasury was sent to the splinter group FloorkDAO, with investors valuing FLOOR tokens at nearly $5, up from $1.89. The remaining tokens now trade around $3.88.
๐กThis highlights the growing trend of activist crypto investors targeting decentralized autonomous organizations (DAOs) with sizable treasuries. By accumulating governance tokens, they can influence decision-making and push for better buyout prices.
๐คWhat do you think about activist investors targeting DAOs? Share your thoughts below!๐
๐กThis highlights the growing trend of activist crypto investors targeting decentralized autonomous organizations (DAOs) with sizable treasuries. By accumulating governance tokens, they can influence decision-making and push for better buyout prices.
๐คWhat do you think about activist investors targeting DAOs? Share your thoughts below!๐