The cryptocurrency world is no stranger to unexpected twists, but few stories are as fascinating as that of PEOPLE coin. Once tied to a bold decentralized experiment—ConstitutionalDAO—this digital asset defied the odds, surging in value even after its parent project officially shut down. If you're wondering when PEOPLE coin was issued, what its latest price is, and whether it still holds any value, this guide breaks down everything you need to know.
What Is PEOPLE Coin?
PEOPLE is the native token of ConstitutionalDAO, a decentralized autonomous organization (DAO) launched in November 2021 with an ambitious goal: to crowdfund enough money to purchase one of the original copies of the U.S. Constitution at a Sotheby’s auction. The project captured global attention for its grassroots approach, raising over $40 million in Ethereum from more than 17,000 contributors in less than a week.
Although the bid ultimately failed, the movement sparked widespread interest in the potential of DAOs as a new form of community-driven governance. Even after the project’s closure, PEOPLE coin continued trading—evolving from a symbolic token into a speculative digital asset embraced by crypto enthusiasts.
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When Was PEOPLE Coin Issued?
PEOPLE coin was officially issued on November 19, 2021, just days before the Sotheby’s auction. It was distributed to contributors who donated ETH to the cause through a smart contract on the Ethereum blockchain via the Juicebox platform.
Despite the excitement and rapid fundraising success, ConstitutionalDAO announced its shutdown on November 24, 2021. The core team cited technical complexity, governance challenges, and lack of infrastructure as key reasons for ending operations.
"We have determined that, given the technical and managerial requirements to properly execute the next steps, our core team cannot support building and maintaining an ongoing project."
— Official ConstitutionalDAO Statement
Even though the mission didn’t succeed, the PEOPLE token remained in circulation—and surprisingly, began gaining momentum in the secondary market.
PEOPLE Coin Latest Price (As of Latest Data)
- Current Price: ~$0.0119 USD (~¥0.0849)
- All-Time High: $0.033 (reached shortly after project shutdown)
- All-Time Low: $0.0007 (recorded four days before surge)
What makes PEOPLE’s price action remarkable is that it surged nearly 200% within 24 hours of the project’s official closure. This rally occurred despite no active development or utility behind the token—a rare phenomenon in crypto markets usually driven by community sentiment, meme culture, and speculative trading.
While it lacks fundamental backing, PEOPLE has become a symbol of decentralized collective action and digital ownership—a narrative that continues to attract traders and collectors alike.
Why Did PEOPLE Coin Surge After Project Failure?
At first glance, it seems counterintuitive: a project fails, and its token skyrockets. But several factors explain this paradox:
- Community Sentiment & Nostalgia
Many supporters viewed PEOPLE as a badge of participation in a historic moment—the first major attempt to use a DAO for a real-world cultural acquisition. - Scarcity Perception
Though technically unlimited in supply due to its ERC-20 structure, early holders treated the token as a collectible, especially those who contributed during the original campaign. - Speculative Trading Momentum
As prices began rising post-shutdown, traders jumped in, fueling further gains across decentralized exchanges like Uniswap. - Symbolism Over Utility
PEOPLE represents more than just a failed bid—it embodies the ideals of decentralization, community power, and Web3 innovation.
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PEOPLE Coin Value Analysis: Does It Still Have Purpose?
Technically speaking, PEOPLE has no official utility or governance rights. According to the final ConstitutionalDAO announcement:
“The $PEOPLE token grants no rights, governance, or utility beyond being redeemable at a 1:1,000,000 ratio for ETH from the remaining funds held in the Juicebox smart contract—matching your original contribution proportion.”
In practice:
- Contributors can still claim refunds via the Juicebox portal.
- Holding PEOPLE does not entitle users to any future benefits from ConstitutionalDAO.
- No official roadmap or development exists for the token.
However, some community members have expressed interest in repurposing PEOPLE for new decentralized initiatives—though these efforts remain unofficial and unaffiliated with the original team.
This lack of formal purpose hasn’t stopped PEOPLE from maintaining a presence in crypto markets. Like other meme-inspired or legacy tokens (e.g., Dogecoin, Shiba Inu), its value now hinges largely on market perception and community engagement rather than technical fundamentals.
The Legacy of ConstitutionalDAO
While ConstitutionalDAO didn’t achieve its primary goal, it left an indelible mark on blockchain history:
- Raised over $47 million in ETH in under 72 hours
- Set a record for fastest large-scale crowdfunding via crypto
- Demonstrated the power—and limitations—of decentralized decision-making
- Inspired countless other DAOs focused on art, culture, and social causes
Its story serves as both inspiration and cautionary tale: while DAOs offer exciting possibilities for democratized ownership, they also face real challenges in coordination, scalability, and legal compliance.
Frequently Asked Questions (FAQ)
Q: Can I still get a refund for my PEOPLE token?
A: Yes. Contributors can reclaim their proportional share of unspent ETH through the Juicebox funding portal. The process is open-ended with no deadline.
Q: Is PEOPLE coin valuable if the project is dead?
A: While it lacks official utility, PEOPLE retains speculative and symbolic value. Some traders view it as a historical artifact of early DAO culture.
Q: Where can I buy or trade PEOPLE coin?
A: PEOPLE is available on several decentralized exchanges (DEXs), including Uniswap and SushiSwap. Always verify contract addresses to avoid scams.
Q: Does holding PEOPLE give me voting rights?
A: No. The token no longer confers governance rights or access to any active platform or decision-making process.
Q: Could PEOPLE be revived by another team?
A: While technically possible, any revival would be independent of the original ConstitutionalDAO team and carry no official endorsement.
Q: Is investing in PEOPLE a good idea?
A: As with any speculative asset, thorough research is essential. PEOPLE carries high risk due to lack of utility and centralized support.
Final Thoughts
PEOPLE coin may have started as a tool for civic engagement—but it evolved into something deeper: a cultural symbol of what’s possible when thousands unite around a shared vision using blockchain technology.
Its journey reflects broader trends in crypto—where narrative often drives price as much as technology does. Whether you see it as a relic of a failed bid or a beacon of decentralized potential, PEOPLE remains one of the most unique stories in recent blockchain history.
As new generations of DAOs emerge—focused on art, governance, finance, and beyond—the lessons from ConstitutionalDAO continue to shape how communities organize and act in Web3.
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