My opinion on this, Few people who " couldn't " get funding through traditional ways ( May be because they are not eligible for it ) came out with an idea of looting investors directly through crowd funding using crypto . Since Day 1 they are continuously dumping $BIO making more than $200k on average every day.

Their BIODAOs are based on absurd ideas. Funding those will be like giving a donation . Money doesn't come back. What are the odds of their research being successful and an IP patent is generated ? What are odds of even these guys being able to conduct proper research ?

If it's even 5% legitimate there would be some demand for BIO. The price action and bottomless dumping tells it's a rugpull.