Governance under fire. ConstitutionDAO faces headwinds as KuCoin removes margin support and regulators eye DAOs, pressuring the token.
What's Happening:
KuCoin delists PEOPLE from margin trading services
Regulatory bodies increasing scrutiny on DAO structures
Redeemability for ETH remains the core value floor
Price drops 6.5% to $0.0084
Why It Matters: PEOPLE is unique because it's backed by a redemption capability (ETH). However, exchange delistings reduce liquidity and leverage, which hurts speculative demand. It's a battle between book value and speculative premium.
Technical View: $PEOPLE is trading near its redemption value floor. Upside is capped by regulation, downside is buffered by ETH reserves. It's a low-volatility bleed until a new narrative emerges.
šÆ Key Levels:
Support: $0.0080 | Resistance: $0.0090
24h Range: $0.0082 - $0.0086
š” A DAO without a mission is just a treasury
What's your take? Drop a š„ for bullish, āļø for bearish š
#ConstitutionDAO #PEOPLE #DAO #CryptoRegulation #Web3
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
