Quick Take

-The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the project’s presale quickly sold their token allocations.

-Bankless Ventures, which received criticism after selling 10% of its allocation in an “impulsive mistake,” later rebought the tokens.

-In response to the controversy, the DAO said it “will implement a vesting structure for individual allocations and are having discussions with advisors to do the same.”

-The project’s X account was also suspended on Saturday, for currently unknown reasons.