ACX Token Plummets 10% Amid Explosive Allegations of DAO Manipulation at Across Protocol
Another day, another decentralized drama—this time with a double-digit price drop.
ACX token holders got a rude awakening today as the asset nosedived 10% following bombshell accusations of governance manipulation within Across Protocol's DAO. The decentralized autonomous organization—meant to empower users—now faces scrutiny over whether a select few are gaming the system.
When 'decentralization' smells like hedge fund tactics
Sources claim whale wallets and validator collusion may be influencing proposal outcomes. The timing couldn't be worse—just as institutional investors start dipping toes into DAO governance. Nothing builds confidence like old-school power grabs dressed in Web3 clothing.
Across Protocol's team has yet to issue a formal response, but the market voted swiftly with sell orders. The incident reignites debates about DAO transparency—and whether some projects just reinvent centralized corruption with fancier terminology.
As one trader quipped: 'Turns out 'code is law' works great until human nature writes the smart contracts.'