A token can outlive the organization that created it.
ConstitutionDAO's original site says the 2021 project ended after losing the auction and assigns $PEOPLE no original-project governance rights beyond its ETH redemption mechanism. Separately, PeopleDAO says it later adopted PEOPLE for its own governance.
Those are different organizations and claims. Before treating a token as a vote, ask which body recognizes it and what the vote controls. An active exchange market doesn't answer either question.
ConstitutionDAO's original site says the 2021 project ended after losing the auction and assigns $PEOPLE no original-project governance rights beyond its ETH redemption mechanism. Separately, PeopleDAO says it later adopted PEOPLE for its own governance.
Those are different organizations and claims. Before treating a token as a vote, ask which body recognizes it and what the vote controls. An active exchange market doesn't answer either question.