PANews reported on January 12 that according to The block, the Aiccelerate DAO (AICC) launched by the crypto-AI project is currently worth about $150 million, sparking community criticism. The project distributed 100% of the tokens to 245 consultants and insiders, some of whom sold their allocations after the tokens skyrocketed.

Aiccelerate, which is listed on the startup platform Daos.fun, has previously raised 943 SOL from invitees of the pre-sale round, 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, VCs from companies such as Coinbase Ventures, etc. The remaining $100,000 or so came from other insiders, who each contributed up to 2 SOL.

Co-founded by Markus Jun, Ejaaz Ahamadeen, and the pseudonymous X-user Ropirito, Aiccelerate DAO has rapidly soared in value, with its market cap currently sitting at around $150 million, nearly 1,000 times its initial funding. However, controversy soon arose when some X-users noticed that some insiders appeared to have quickly sold their initial allotments.

Bankless Ventures sold 10% of its allocation shortly after AICC launched. The organization later bought back the tokens after X was criticized. "I agree that Bankless Ventures should not have sold the tokens, this was an impulsive mistake," Bankless co-founder David Hoffman tweeted. "We have bought back all the tokens sold to the original level and are discussing a self-imposed vesting schedule."

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 invitation system caused 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,” Ejaaz Ahamadeen wrote on X. Another insider described issues with his original account “syncing.”

AICC responded to the controversy in a post on its X account, which was suspended on Saturday for unknown reasons. In the post, the DAO said it would “implement token vesting for individuals and is in discussion with advisors.” The DAO also reiterated its intention to build for the long term.

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. “I hope Daos.fun will do some form of vesting or lock-in in the future so it feels a little fairer to launch.”