Latest ConstitutionDAO (PEOPLE) News Update

Deep Dive

1. @HaydenAdams: Citadel clash revives auction scars bearish

"Griffin outbid ConstitutionDAO in 2021 – now Citadel wants DeFi under Wall Street rules."
– @HaydenAdams (1.2M followers · 2.8M impressions · 2025-12-04 07:16 UTC)
View original post
What this means: This is bearish for PEOPLE because Adams’ critique highlights regulatory risks for DAO-based tokens. Citadel’s lobbying could pressure platforms hosting PEOPLE to adopt stricter compliance, potentially reducing retail accessibility.

2. KuCoin: Margin trading sunset shakes confidence bearish

Delisted PEOPLE from margin services on 2025-11-20, citing "prudent risk management."
– KuCoin (9.3M users · 12.1K impressions · 2025-11-11 05:39 UTC)
View announcement
What this means: Reduced leverage availability may lower trading volume (-28.57% last 24h) and liquidity, though current turnover (0.421) suggests moderate market depth.

3. Bit2Me: Wallet listing fuels memecoin status bullish

Added PEOPLE to Wallet on 2025-06-10 alongside DOG and AIC, expanding accessibility.
– Bit2Me (2.4M users · 8.7K impressions · 2025-06-10 13:45 UTC)
View update
What this means: Bullish for adoption, as exchange support (19,000+ holders) helps sustain its $51.8M market cap despite being -95.4% below ATH.

Conclusion

The consensus on PEOPLE is mixed, torn between regulatory headwinds and memecoin resilience. While Citadel’s moves threaten DAO legitimacy, exchange listings and its 2021 lore sustain speculative interest. Watch Bitcoin dominance (58.57%) – a drop could funnel risk appetite into tokens like PEOPLE.

Deep Dive

1. Project Dissolution (November 2021)

The DAO officially disbanded after losing the U.S. Constitution auction to Citadel CEO Ken Griffin. Its website explicitly states: “We now believe this project has run its course” and warns that $PEOPLE tokens hold no governance rights or utility beyond ETH redemption.

What this means: Neutral for $PEOPLE – the lack of centralized development reduces regulatory risks but eliminates traditional growth catalysts.

2. No Governance/Utility (Ongoing)

$PEOPLE operates purely as a speculative asset, with its 19,000+ holders (CoinMarketCap) trading it as a meme of grassroots crypto mobilization. Recent listings like Bit2Me’s June 2025 integration highlight exchange interest, not protocol upgrades.

What this means: Bearish for fundamentals – without utility, price relies entirely on social momentum and crypto-narrative cycles (e.g., PolitiFi trends).

3. Community-Driven Speculation

The token persists as a cultural artifact, referenced in debates like Hayden Adams’ December 2025 critique of Citadel’s DeFi regulations. Its -85.56% annualized return (as of December 2025) reflects high volatility typical of memecoins.

What this means: Neutral/bullish for traders – low float ($51.8M market cap) and nostalgic appeal could fuel rallies during risk-on markets, but requires monitoring social sentiment.

Conclusion

ConstitutionDAO remains a relic of crypto’s 2021 DAO experimentation phase, with $PEOPLE transitioning into a community-driven memecoin. While exchange listings and political narratives may spark volatility, the absence of a roadmap shifts focus to broader market sentiment: Can decentralized nostalgia sustain value without utility?

Deep Dive

1. KuCoin Margin Delisting (20 November 2025)

Overview:
KuCoin will delist PEOPLE from Spot Margin Trading on 20 November 2025, requiring users to close positions and transfer tokens from margin accounts. The exchange cited risk management, joining others like Bit2Me that listed PEOPLE earlier in June 2025.

What this means:
This is bearish for PEOPLE as reduced margin access could lower trading volume and liquidity. The token’s 24h volume ($28.97M) already reflects a -20% drop since June 2025. Traders may shift to platforms still supporting leveraged positions.
(KuCoin)

2. Governance Cost Analysis (6 November 2025)

Overview:
A Crypto Times article dissected ConstitutionDAO’s $1.5–2.1M in Ethereum gas fees during its 2021 crowdfunding campaign, contrasting it with modern Layer 2 solutions that reduce costs.

What this means:
This is neutral for PEOPLE, as it underscores historical flaws rather than current utility. However, it reinforces perceptions of PEOPLE as a legacy memecoin with limited governance evolution. The token’s price (-42% YTD) aligns with fading DAO hype.
(Crypto Times)

3. DAO-Prediction Market Parallels (21 September 2025)

Overview:
Syndicate co-founder Ian Lee likened DAOs to prediction markets in a Decrypt interview, citing PEOPLE’s 2021 bid as an early example of blending capital and collective action.

What this means:
This is neutral-to-bullish, keeping PEOPLE in narratives about decentralized coordination. However, the token’s -85% decline since its 2021 peak shows limited traction beyond nostalgia.
(Decrypt)

Conclusion

PEOPLE balances fading exchange support and governance critiques against its symbolic role in DAO history. While delistings pressure liquidity, its memecoin status offers speculative relevance. Will on-chain governance improvements or political trends revive interest, or will it fade into crypto lore?

Deep Dive

1. Project Dissolution (2021)

Overview: ConstitutionDAO disbanded in November 2021 after losing its bid to purchase a rare copy of the U.S. Constitution. The codebase has seen no meaningful updates since.

The DAO’s smart contracts were designed for a single purpose: pooling funds and refunding contributors if the auction failed. After the loss, the team confirmed no further development, governance, or utility for the PEOPLE token.

What this means: This is neutral for PEOPLE because the token’s value now hinges purely on speculative trading and meme status, detached from its original purpose.

(Source)

2. Token Persistence (2021–2025)

Overview: Despite the DAO’s dissolution, PEOPLE remains active on exchanges like Bit2Me and Uniswap, with ~19,000 holders as of June 2025.

The token’s codebase has not been modified since 2021, lacking upgrades or governance mechanisms. Its ERC-20 structure remains static, relying on Ethereum’s network for transfers.

What this means: This is bearish for PEOPLE because the absence of development limits its functionality to speculative trading, exposing holders to volatility without fundamental support.

(Source)

3. Exchange Listings/Delistings (2025)

Overview: KuCoin delisted PEOPLE from margin trading in November 2025, citing reduced demand, while Bit2Me added it to Wallet listings in June 2025.

These changes reflect exchange-level decisions rather than protocol updates. No code adjustments were made to PEOPLE itself during these events.

What this means: This is neutral for PEOPLE because exchange activity doesn’t equate to technical progress, though liquidity shifts may impact short-term volatility.

(Source)

Conclusion

ConstitutionDAO’s codebase has been inactive since 2021, with PEOPLE transitioning into a memecoin driven by exchange listings and social sentiment. While recent exchange activity shows lingering interest, the lack of development poses long-term sustainability risks. Could speculative hype alone sustain its relevance in a maturing crypto market?