Crypto Activists Score $2.5M Bounty After Campaigning FloorDAO to Split

Activist crypto investors scored a $2.5M bounty after campaigning FloorDAO to split into two entities.

The original FloorDAO sent the bounty to a splinter group called FloorkDAO controlled by the activists.

The activists divided the bounty among themselves, valuing each token at nearly $5, up from $1.89.

This is the latest example of activist crypto investors targeting decentralized organizations (DAOs) with sizable treasuries.

The activists accumulate enough governance tokens to influence decisions and push for buyouts at better prices.