daos.fun Founder Alleges $6.65M Insider Trading by Key Member via ai16z

Founder Shaw accuses baoskee of dumping 42.18M ai16z tokens for $6.65M profit after withholding Snapshot launch. Baoskee denies claims, citing prior liquidity locks and Shaw's past controversies.

Woofun AI reports that Shaw, founder of daos.fun, accused key member baoskee of insider trading involving ai16z tokens. Shaw alleged that baoskee withheld the promised Snapshot voting mechanism following a name-change request from Andreessen Horowitz, subsequently selling 42.18 million ai16z tokens from execution wallets for approximately $6.655 million against known costs of $3,863. Baoskee dismissed the accusations as 'completely insane,' asserting that the Snapshot system was operational and that daos.fun had locked over $1 million in ai16z liquidity. Baoskee further countered by highlighting Shaw's history of launching pump.fun projects under the ai16z brand, which allegedly caused market cap declines and user losses through a secondary token called Rug First.