daos.fun Founder's Summary: Has Stopped Launching DAO Products, Speculation-Driven Market and Governance Flaws Are Unsustainable

Odaily News daos.fun founder baoskee posted on the X platform stating that the team has ceased further development of DAO products. The reason is that the market is primarily driven by speculation, and the "degen managing a hedge fund" model has structural issues, including behaviors such as dumping after fundraising or self-buying tokens.

He pointed out that daos.fun had previously promoted narratives related to DAOs, ICM, and AI, and emphasized that the team did not engage in insider trading or token sniping during operations, creating profits for users.

Simultaneously, baoskee mentioned that while the whitelist mechanism is controversial, overall it still constituted an "interesting experiment." He stated he will continue to monitor the development of new projects like pumpcade and megapot, and is optimistic about the innovative potential of the Solana ecosystem in the financial gaming field.