TechFlow news, January 12 — According to The Block, Aiccelerate DAO (AICC), a crypto AI investment organization, has sparked controversy after certain insiders rapidly sold tokens following the project's launch. It has now committed to implementing a token lock-up mechanism. The project raised 943 SOL (approximately $175,000) on Solana’s Daos.fun platform, with $75,000 coming from VIP investors. Its market cap has reached $150 million, nearly 1,000 times higher than its initial funding round.
Bankless Ventures faced community backlash after selling its 10% token allocation and subsequently repurchased the tokens. Project co-founders include Markus Jun, Ejaaz Ahamadeen, and anonymous user Ropirito. Shaw Walters, founder of Eliza Labs, donated 50% of his token allocation to ai16z DAO and distributed 20% to other contributors; his initial 5 SOL investment has appreciated to approximately $2 million.
