After Aiccelerate launched AICC, some insiders sold the allocated tokens and planned to increase the vesting structure to respond to doubts

Aiccelerate, a new decentralized autonomous organization (DAO) designed to accelerate the convergence of cryptocurrency and artificial intelligence (AI), distributed 100% of the project's tokens to 245 advisors and insiders after launching the AICC token, some of whom sold their allocations shortly after the project's value rose. Aiccelerate, which launched on Daos.fun, a "memefund" distribution platform on Solana, previously raised 943 SOL from people invited to participate in the presale, worth about $175,000 at current prices. About $75,000 came from "VIPs," the project's co-founders and advisors, including the founder of Eliza Labs, the co-founder of crypto media organization Bankless, and VCs from companies such as Coinbase Ventures. The remaining approximately $100,000 came from other insiders who pledged up to 2 SOL each. The DAO, co-founded by Markus Jun, Ejaaz Ahamadeen and X user Ropirito, is now valued at around $150 million, nearly 1,000 times its initial fundraising. However, some X users noticed that some insiders appeared to quickly sell their initial allocations, sparking controversy. Bankless Ventures sold 10% of its allocation shortly after AICC launched. After criticism, the group later bought back the tokens. “[I] agree that Bankless Ventures should not have sold the tokens — it was an impulsive mistake,” Bankless co-founder David Hoffman wrote on X. “We have bought back all the tokens sold to full quantity and are discussing a self-imposed vesting schedule.” “I had no idea they would do this, and when I found out, I immediately expressed my disgust at this behavior,” Ahamadeen wrote on X, referring to the Bankless Ventures sale. Hoffman, Jun and Ahamadeen did not immediately respond to requests for comment. Some X users noticed that certain users invited to the presale had little activity or following on X. However, technical issues with Daos.fun’s invite system led some users to create temporary accounts to receive allocations. “I know a lot of people who moved their funds to more secure wallets instead of keeping them in hot wallets,” Ahamadeen wrote on X. Another insider described issues “syncing” his original account. Amid the controversy, Eliza Labs founder Shaw Walters posted on X that he donated half of his allocation to the ai16z DAO and 20% to other contributors. “It’s crazy to see 5 SOL turn into $2 million,” Walters wrote, before acknowledging the criticism. “I hope Daos.fun does some form of vesting or lock-up in the future so it feels a little fairer to launch,” Walters said. (The Block) According to previous news, Aiccelerate said that as the DAO has officially launched, some updates will be made in the next 1-2 weeks, including: 1. Initial investment in the team; 2. Strategy and roadmap of the internal development team (agents and infrastructure currently being built); 3. Establish key partnerships with leaders.