FloorDAO, which seeks to build products for “NFT-Fi,” recently sent over $2.5 million of its treasury – in crypto tokens and NFTs – to a splinter group called FloorkDAO that was controlled by the activist investors. The investors quickly divided that sum amongst themselves in a redemption that valued each FLOOR token at nearly $5, up from $1.89 at the start of the year. The remaining FLOOR tokens are currently trading around $3.88, an indication of the value to those investors who did not choose to exit FloorDAO and instead retained their holdings.
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- Source: https://www.coindesk.com/tech/2023/10/06/activist-crypto-investors-score-25m-bounty-after-campaign-on-floordao/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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