šFloorDAO forks to shake off activist investors!š„ 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.
š”This 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.
š¤What do you think about activist investors targeting DAOs? Share your thoughts below!š