Nick Johnson, the founder and lead developer of ENS, just used about half of the protocol’s active voting power to stop an on-chain proposal to renew the ENS DAO Security Council, adding a new chapter to several weeks of a governance crisis that no one wants to see go any further.
The on-chain vote ended on June 30, 2026, after Johnson did not take part in the earlier off-chain Snapshot vote.
Lefteris Karapetsas, a longtime member of the Ethereum community, said the result was expected and called the DAO “dead.” He claimed that Johnson’s voting power protects a treasury worth about $500 million from outside oversight, according toa post on X.
Another proposal introduced the same day
Hours after the Security Council renewal failed, a draft for a new Security Council appeared on the ENS governance forum. The plan was written by katherine.eth, and suggested replacing the current council with eight members. It also proposed that canceling any timelocked proposal would need a 5 out of 8 supermajority, up from the current 4 out of 8,according to the ENS governance forum.
The official ENS DAO account on X confirmed the submission of the proposal, and said the new council would follow a public mandate. They also stated that nominations are open until July 3, and that there would also be a way to remove members who do not follow the rules.
The current Security Council has a unique power in DAO governance: it can cancel proposals even after they have passed a community vote and entered the timelock queue. While the new draft proposal suggests that this power should be used only to block “malicious, coercive, or exploitative governance attacks.” It also warns that the definition of such attacks has become increasingly unclear.
Treasury dynamics are worsening the conflict
The financial stakes are significant. According to DeFiLlama, the ENS DAO treasury has about $350 million in assets, or $88 million if you remove the ENS token itself. As of today, CoinMarketCap says the ENS token’s market cap is about $166 million, with the token trading at $4.07. This is more than a 95% drop from its peak of $85.69 in November 2021.
This gap, where treasury assets far exceed the circulating market cap, creates the incentive structure the Security Council was meant to address. In theory, a well-funded attacker could buy enough tokens on the open market to control governance votes and extract value from the treasury. This scenario is often referred to as an “RFV raid.”
Different opinions about the vote
AvsA, an active ENS community member, shared a different view on the governance forum. He said the earlier ENS Labs foundation proposal was not a governance attack and that blocking it with the Security Council would have been too much. Still, he warned that not renewing the Council creates a bigger risk.
“The DAO is a $130M treasury safeguarded by at best $20M worth of tokens,”AvsA wrote. He argued that if governance attacks are defined by “the legitimacy of the votes” instead of the proposal’s effect, it could let a wealthy buyer legally take over the protocol for profit.
New proposals despite internal conflict
The Security Council dispute is the second major governance clash at ENS in less than two weeks. On June 19, katherine.eth introduced a separate proposal to transfer operational control, grants, and treasury management to the ENS Foundation.
Some critics, including ENS constitution author Brantly Millegan, argued that this plan would concentrate power away from tokenholders.
Johnson supported that earlier proposal and intended to self-delegate his tokens in its favor, according to the same report.
Cryptopolitan previously reported that the restructuring was driven by delegate fatigue, limited accountability from grant recipients, and the DAO’s challenges in executing long-term capital strategy through token voting alone.
Anyone who saw the blockbuster sci-fi film “Project Hail Mary” will remember Rocky, a creature unlike anything we’ve seen on Earth.
The five-legged alien is composed of a rock-like material, hence its nickname, and comes from a fictional planet where temperatures and a high-pressure ammonia-dominant atmosphere has driven evolution in a radically different direction (still, he’s a cool guy.)
The idea of such different yet conscious being is a fun thought experiment. And according to University of California philosophy professor Eric Schwitzgebel and University of Antwerp postdoctoral fellow Jeremy Pober, it may not be quite as far-fetched as it sounds.
In what can only be described as a vape cloud of a working paper, the pair examine the possibility of other consciousnesses that take on forms far beyond conventional imagination, arising from wildly different materials than those found on Earth. They argue that given the vastness of space, life could take dramatically different forms elsewhere.
“Suppose your best guess estimate is that, on Earth, consciousness is present in all vertebrates, plus cephalopods and some insects,” they wrote. “And suppose that your best guess estimate is that on average each galaxy contains a million planets where species of approximately that level of behavioral sophistication eventually evolve (even if technological civilizations rarely arise).”
“The observable universe would then host, over its lifetime, a quintillion qualifying planets,” they added. “With that many draws from the lottery, some of these life forms will be strange indeed.”
The team examined a fundamental concept in philosophy called “substrate flexibility,” which describes how the same materials can have multiple different properties. For instance, a cup can be made from a litany of different materials and still successfully contain liquid.
In their paper, Schwitzgebel and Pober argue consciousness could also be “substrate flexible,” meaning that it doesn’t have to be made out of conventional carbon-based flesh and blood.
“The universe may contain minds stranger than we can imagine,” said Schwitzgebel in a statement.
The pair argue that assuming organisms like the ones found on Earth are the only way to develop consciousness would be “terrocentrism,” the unjustified assumption that life on Earth is the only way consciousness can form.
“There will likely be different, complex and intermeshing functional relationships from small-scale chemical bonding up to large-scale functional differences in sensory, memory, and affective systems,” the paper reads. “To think that somehow, among this diversity, only entities with our particular architecture and functionality would be conscious, would be unmotivated terrocentrism.”
The researchers’ line of thinking could also have implications for the current discussions surrounding the much-debated possibility of AI becoming conscious. After all, AI models don’t have any physical body to begin with, which would make any conscious AI an entity entirely different than the ones we’ve come accustomed to.
But the subject appears to have been divisive among the two researchers. While Pober argued that “until we have reason to believe otherwise, we should assume that our current computer chips cannot realize consciousness, Schwitzgebel admitted that “we should be open” to the idea.
In short, it’s a defiant rebuke to human exceptionalism. In cosmology, the Copernican mediocrity principle states that humanity doesn’t occupy a privileged position in the universe and that there isn’t anything inherently unique about how life on Earth came to be.
In a similar vein, consciousness must exist in other forms we haven’t even dreamed of yet, the researchers argue.
“Given that it’s likely that functionally complex, behaviorally sophisticated entities have arisen or will arise many times in the observable universe, in diverse substrates,” the researchers concluded, “we argue that it would be a violation of a principle of Copernican mediocrity to hold that among these diverse entities, only we, or only we and a small proportion of others who share our substrate, are conscious.”
GnosisDAO’s GIP-151 passed with 215% of the required quorum, 49 votes representing a voting weight roughly 2.15 times the 75,000 GNO minimum threshold.
The proposal authorized a one-time pro rata treasury redemption, allowing GNO holders to surrender tokens in exchange for a proportional share of liquid treasury assets. A passed governance vote on a treasury of this size redefines what governance tokens can be used for.
Until now, a governance token’s value rested on a stack of soft arguments, such as control over protocol direction, fee switches that might get activated, and treasury grants that might boost network growth.
When a DAO can be voted to return assets to holders, the token functions as a probability-weighted claim on the balance sheet, regardless of how it is legally classified.
Background reporting on the earlier GIP-150 redemption push cited a GnosisDAO treasury of roughly $223 million, an estimated redemption value near $170 per GNO, and a market price around $132, a 27% discount.
Current DeFiLlama data put the total treasury near $228 million, with approximately $68 million in major assets, $22 million in stablecoins, $117 million in own-token exposure, and $21 million in other positions.
Net of native token circularity, the liquid treasury sits at around $109 million. DeFi analyst Ignas put GNO at approximately $106 against roughly $115 in treasury value per token around the time of GIP-151’s passage.
Gnosis DAO’s $228 million treasury is 51.3% own-token exposure, leaving roughly $109 million in liquid assets against a $115 per-token redemption estimate.
The trade that GIP-151 validates
That discount creates an investable structure consisting of buying tokens below the adjusted treasury value, accumulating governance influence, voting for redemption, and closing the gap.
That is the closed-end fund activism playbook applied to decentralized infrastructure, and Gnosis has now demonstrated it can be executed.
The Investment Company Institute put total closed-end fund assets at roughly $791 billion at year-end 2025, a market large enough to have given rise to decades of activist doctrine around NAV discounts, and DAO treasuries now sit inside that doctrine.
At a GNO price near $104 and a quorum threshold of 75,000 GNO, a position meeting the quorum costs approximately $7.8 million before slippage or opposition. GIP-151’s reported 215% quorum implies an actual voting weight of roughly 161,250 GNO, or about $16.8 million at that price.
Insider blocs, delegation structures, eligibility rules, and organized opposition all affect whether a given position wins a vote, but the numbers show why governance tokens over large liquid treasuries now carry a control premium the market has not historically priced.
The trade generates a straightforward screen: liquid treasury per token, market discount to adjusted NAV, quorum threshold, delegate concentration, foundation or multisig veto risk, treasury composition, and execution path.
DAOs with legally inaccessible, foundation-controlled, or native-token-heavy treasuries stay stranded at their discounts.
Screen factor
Why it matters
What activists are looking for
Liquid treasury per token
Determines whether there is real redeemable value
Stablecoins, ETH, majors, low-haircut assets
Market discount to adjusted NAV
Defines the potential trade spread
Token price materially below treasury value
Quorum threshold
Measures how much voting weight is needed
Low enough threshold for coordinated holders
Delegate concentration
Shows whether votes can be influenced
Fragmented delegates or persuadable blocs
Insider / foundation control
Determines whether the treasury is practically reachable
Low veto risk from founders, foundations, multisigs
Treasury composition
Separates real NAV from paper NAV
Less native-token circularity, fewer illiquid bets
Execution path
Tests whether a vote can actually move assets
Onchain execution, clear legal wrapper, defined claims
Legal risk
Affects exchanges, holders, and future DAO design
Redemption framed as governance, not investment product
How governance changes when capital enters the room
Traditional DAO governance assumes voters are builders, delegates, users, and participants with operational stakes in the protocol’s future.
Treasury activism imports a different voter through the NAV buyer, who holds governance tokens to extract balance-sheet value and has no particular interest in what the DAO builds next.
A governance forum that used to debate grant allocations, roadmap priorities, and fee-switch parameters now has to answer a prior question: should the DAO retain these assets and, if so, on what terms?
In the bull case, GIP-151 executes cleanly, with liquid assets distributed, illiquid positions handled through a claim token, and legal friction staying contained.
Governance tokens gain a credible new valuation anchor: the probability-weighted right to extract value from the treasury.
Other DAOs with liquid, transparent treasuries and permeable governance face immediate demands to justify why their tokens should trade below the value of the assets they govern. A clean execution could pull GNO toward or briefly above the $115 treasury-value estimate as remaining holders reprice the governance premium.
The bear case runs through execution delays, disputes over eligible supply, heavy haircuts on illiquid assets, or a treasury-defense campaign that exposes insider concentration, leading the market to discount both payout certainty and the post-redemption protocol’s capacity to function.
The wider risk for the DAO market is that several copycat redemption pushes fail simultaneously, demonstrating that most treasury discounts are structurally inaccessible, and the NAV-activism thesis deflates before it fully takes hold.
GNO trades closer to or above the ~$115 treasury-value estimate
DAO tokens with clean liquid treasuries reprice higher on redemption optionality
Base case
Redemption works, but with delays, haircuts, or limited participation
GNO trades around adjusted treasury value, not full headline NAV
Treasury-rich DAOs face pressure to explain reserves, spending, and governance control
Bear case
Execution disputes, eligibility fights, insider resistance, or heavy illiquid-asset haircuts
Market discounts payout certainty and post-redemption protocol value
Most DAO treasury discounts are treated as inaccessible
Black swan
Regulatory, exchange, or litigation pressure reframes redemption as security-like behavior
GNO and similar tokens face sharp legal/liquidity discount
Governance tokens split between “usable governance” and “fund-like treasury claim” buckets
The legal exposure that follows
The SEC’s 2026 crypto guidance holds that a non-security crypto asset can still be sold as part of an investment contract when surrounding facts satisfy the Howey test: investment of money, common enterprise, expectation of profits, and reliance on the managerial efforts of others.
Pro-rata treasury redemption gives regulators cleaner facts to run that analysis.
Regulators can now ask more directly whether buyers hold a governance token to participate in protocol decisions or expect returns from a pooled treasury managed and distributed by others.
Legal risk rises sharply if projects, delegates, activists, or market materials frame tokens explicitly as treasury claims.
The distinction between “governance token that enables redemption” and “redeemable treasury interest” is the line that litigation and enforcement will contest.
A second exposure follows from treasury composition. The Investment Company Act applies to issuers whose primary business resembles investing, reinvesting, or holding securities, with a 40% investment-securities threshold embedded in the statute.
A passed redemption mechanism raises the question of whether a DAO that holds ETH, stablecoins, tokenized securities, RWAs, and LP positions, and can be voted to distribute them pro rata, starts to resemble a redeemable asset pool more than an operating network.
The CLARITY Act debate adds a structural wrinkle, as the Senate bill distinguishes between decentralized and centralized platforms, with the latter subject to financial institution-style obligations, including transaction monitoring and suspicious-activity reporting.
A DAO can be genuinely decentralized at the protocol layer while concentrating treasury control in insiders, multisigs, or delegate blocs. Gnosis provides regulators with a real-world example of that gap.
The DeFi spillover
DAO treasuries fund liquidity programs, grants, market-making budgets, protocol contributors, and LP positions.
Redemption votes, whether isolated or part of an activist norm, force treasuries to liquidate assets, such as stablecoin outflows, ETH sales, unwound LP positions, and cut incentive programs.
The total stablecoin market cap is near $314 billion, with Ethereum holding roughly half, according to DeFiLlama. With the Fed holding its target range at 3.50% to 3.75%, the opportunity cost of idle DAO stablecoin reserves is quantifiable and easy to argue in a governance forum.
The risk from Gnosis compounds if five or ten treasury-rich DAOs simultaneously face coordinated redemption campaigns, because the resulting asset sales and incentive cuts run across protocols that share liquidity, validators, and grant recipients.
Rook DAO, Fei/Tribe, and Aragon each demonstrated that DAO treasury conflicts can be resolved through redemption structures.
Aragon’s roughly $115 million ANT redemption came after a protracted governance fight, which the foundation resolved by returning capital to ANT holders. GIP-151 arrived by passing through standard governance, above quorum, without the DAO visibly collapsing first.
That procedural route converts a pattern of isolated governance crises into a repeatable strategic tool.
Every DAO governing a treasury larger than its market cap now trades at a discount that serves as an activist target. Whether DAO structures prove resilient to that, and whether US regulators settle the legal question before the market does, are the forward-looking variables that Gnosis left open.
Sony Interactive Entertainment is removing 551 purchased films from UK PlayStation Store accounts on September 1, 2026, citing content licensing agreements with StudioCanal.
The affected library spans decades of cinema, from Terminator 2: Judgment Day and Rambo: First Blood to Bridget Jones’ Diary, Pan’s Labyrinth, and Paddington. Customers who paid for those titles will lose access regardless of their purchase history.
When a Purchase is Not Ownership
Sony published a formal legal notice confirming the removal, attributing it to the expiration of its licensing agreement with StudioCanal. The notice offered no refunds or alternative compensation for affected buyers.
The situation exposes a structural reality most consumers overlook at checkout. A digital “purchase” on any platform-controlled storefront functions more like a temporary license than outright ownership.
Therefore, Sony and StudioCanal can modify or terminate that license, and the buyer absorbs the loss.
With 551 titles set for deletion, this is one of the largest single-event disappearances of purchased digital content in recent memory.
PlayStation is deleting 551 purchased movies from its customers’ accounts, reminding us nothing digital is ever truly ours https://t.co/sXW4Uj10FR
PlayStation Digital Ownership and the Gaming Parallel
The concern is not limited to films. When GTA 6 pre-orders opened this week, Rockstar confirmed that physical retail editions would include only a digital download code, with no disc.
For buyers who assumed a boxed copy meant a physical artifact they owned outright, that detail reinforced a growing unease. The GTA launch also sent shockwaves through crypto markets that same day, highlighting how far the digital ownership question now extends across gaming and finance.
Together, the two events make the same point. Across entertainment and gaming, consumers are paying for access, not ownership.
The Web3 Argument Gets Louder
Non-fungible tokens (NFTs) were built to address exactly this problem by creating on-chain, portable title deeds that no single platform can revoke. If StudioCanal had issued film rights as NFTs, Sony could not have overridden them.
Those tokens would remain in the buyer’s wallet, transferable and verifiable, independent of any licensing dispute between corporations.
That argument is gaining fresh credibility. Earlier this year, market observers noted a shift in the NFT sector away from speculation toward tangible utility, with digital ownership emerging as the strongest long-term use case.
Meanwhile, Worldcoin’s biometric identity push brought parallel questions about who controls proof-of-ownership in digital spaces into mainstream debate. Across the broader GameFi sector, 2026 has already seen renewed investor appetite for blockchain-backed digital economies.
The PlayStation film deletions may appear to be a routine licensing dispute on paper.
However, they crystallize a question that streaming, gaming, and digital media platforms have not resolved: when a platform changes its terms, what does a consumer actually own?
For blockchain advocates, Sony just provided the most mainstream illustration yet.
Autheo Presents ETHToronto 2026, Bringing Builders Together to Shape the Future of Web3 & AI
DateJuly 22, 2026
LocationToronto, ON
Edition5th Annual
Part ofCanada Crypto Week
The 5th Annual ETHToronto returns on July 22, 2026, bringing together builders for an afternoon of sessions, panels, and networking. Presented by Autheo and held as part of Canada Crypto Week, the event is designed to connect the people building the future of Web3 and AI.
Program
ETHToronto opens with Whitepaper Reading Club, a discussion-first session exploring blockchain whitepapers and the technical concepts shaping the future of Web3. This is followed by a full slate of speaker sessions.
Featured Speakers
Edward Johnson
Autheo
Ben Greenberg
Arbitrum
Arman Mamyan
Animoca Brands
Jerry Qian
OPTN Labs
Matthew Glezos
Toronto DAO
Elizabeth McFaul
Solana Foundation
Charles St. Louis
Ethereum Foundation
Top Sponsor
Autheo joins ETHToronto as the Top Sponsor, supporting the developers driving the next generation of Web3. Autheo is a Layer-0 Operating System with an integrated Layer-1 blockchain that combines identity, compute, storage, developer tooling, and AI capabilities into a single interoperable platform.
“Builders and developers are the foundation of every major innovation in Web3. We’re proud to support ETHToronto and help bring together the community creating the next generation of sovereign decentralized applications, infrastructure, and AI-powered technologies.”
— Edward Johnson, Chief Product Officer, Autheo
Evening Program
Following the sessions, attendees are invited to Devs & Bevs, an evening networking event designed to bring together developers, founders, and builders for meaningful conversations and new connections.
World Boss Media will also be onsite conducting live interviews with leaders throughout the event. As a leading Web3 marketing agency, World Boss Media helps companies grow through branding, influencer marketing, and community-driven campaigns.
ETHToronto takes place on July 22, 2026, as part of Canada Crypto Week and alongside Blockchain Futurist Conference — Canada’s largest Web3 and AI event.
ETHToronto is an annual gathering of developers, founders, and innovators building the future of Web3. Held as part of Canada Crypto Week, the event brings together the builder community through technical discussions, networking opportunities, and collaborative learning in the city where Ethereum was born.
About Autheo
Autheo is a Layer-0 Operating System with an integrated Layer-1 blockchain that unifies identity, compute, storage, developer tooling, and AI capabilities into a single interoperable environment. By simplifying infrastructure and providing powerful tools for builders, Autheo is helping accelerate the next generation of Web3 innovation.
Techdollar Raises $3M and Launches the First Lending Platform Built for Pre-IPO Employees
Press Release — June 26, 2026
Techdollar Raises $3M and Launches the First Lending Platform Built for Pre-IPO Employees
As record valuations keep top startups private for a decade or more, Techdollar lets employees, founders, and early investors borrow against their equity without selling or waiting for an IPO.
New York, NYJune 26, 2026Pre-Seed — $3Mtechdollar.com
$3MPre-seed raised
$100M+Qualified loan pipeline
$2.7TCombined valuation of leading private AI companies
Techdollar today launched publicly and announced the close of a $3 million pre-seed round, introducing a credit platform that lets employees, founders, and early investors at high-growth private companies borrow against their pre-IPO equity without selling their shares or waiting for a liquidity event.
The funding round is led by No Limit Holdings, supported by ReforgeVC, and angels including Michael Egorov (Founder, Curve Finance) and Roy Learner (prev. Framework Ventures), with self-participation from co-founders Terence McMenamin and David Tollemache.
No Limit HoldingsReforgeVCMichael Egorov — Curve FinanceRoy Learner — prev. Framework VenturesSilicon Valley Bank
Ahead of launch, Techdollar built a pipeline of more than $100 million in qualified loan demand, out of over $400 million in total loan requests, from employees and investors across leading AI, aerospace, defense, robotics, and payments companies.
“Techdollar is well positioned at the cross-section of frontier tech RWAs and DeFi. The unlock is serving the native crypto community with highly sought after yield products derived from tech companies that are driving global productivity in the coming decade and beyond.”
Gin Chao, Founding Partner, No Limit Holdings
A wave of paper wealth employees still can’t touch
The problem Techdollar solves became impossible to ignore this month. When SpaceX went public on June 12, an estimated 4,400 current and former employees crossed into millionaire territory, many of them engineers, technicians, and tradespeople paid in equity for years. But for most of those years, that wealth existed only on a screen: they could not sell it, borrow against it, or use it.
Most of the companies defining the next economic cycle are still in that earlier stage, and their employees are stuck in exactly that position. The combined valuation of the world’s leading private AI companies now exceeds $2.7 trillion, while the path to IPO for companies valued above $500 million has stretched past a decade. According to Evercore, secondary transactions reached a record $226 billion in 2025, yet traditional lenders have done little to help — routinely declining borrowers below large collateral thresholds and extending pre-IPO credit only to senior executives.
“The financial system was never built for the early employees who help build and scale these companies. Employee number three should have the same access to their own wealth as the CEO. Banks price this equity like a speculative bet, but the secondary market proves it isn’t. We’re correcting that mispricing and doing it at a fraction of the cost of the alternatives.”
Terence McMenamin, Co-Founder and CEO, Techdollar
How it works
The model is closer to a mortgage than a venture bet. Just as a mortgage lets homeowners put their most valuable asset to work without selling it, Techdollar lets shareholders unlock liquidity from their equity while keeping full ownership and all future upside. Borrowers retain their shares, avoid a taxable sale, and face no restrictions on how they use the funds.
Backed by real-time secondary market data and audited ownership verification, Techdollar funds loans in 24–48 hours against equity in companies across AI, quantum computing, robotics, aerospace, defense, and frontier technology.
“Trillions in value is locked inside the world’s most valuable private companies, and as they stay private longer, that gap only widens. Techdollar is building the credit layer that finally unlocks it. Terence and David are an elite team uniquely suited to build it.”
Alexander Lin, Reforge
Integrations and availability
Techdollar is already integrated as a Pulley perk and is in integration discussions with Carta, two of the leading equity management platforms, with the goal of making equity-backed lending a standard benefit for employees at late-stage technology companies. The pre-seed funding will be used to accelerate platform development, build out the product and business teams, and deepen financial integrations and partnerships.
Techdollar is building the credit layer for private markets. The platform enables employees, founders, and investors at high-growth private companies to access liquidity against their equity without selling shares, triggering tax events, or losing long-term upside.
There’s something grating about finding out that the customer service representative on the other end of the line is an AI agent, not an actual human.
If it hasn’t happened to you, it’s certainly happened to someone you know. Industries leaders warn that AI could wipe out entire categories of human jobs — and customer service agents have frequently topped the list, indicating there’s plenty more frustration still to come.
According to a new “Consumer Patience Index” poll by customer service AI agent company Parloa — more on that in a minute — more than half of Americans admitted to actively trying to circumvent a chatbot, with 43.9 percent of those resorting to yelling “human” or “person” when trying to get off the line with an AI agent on the phone. Meanwhile, 17 percent went as far as to “resort to profanity to break free.”
The company commissioned a study of 1,001 US adults to gauge their brand loyalty in relation to the customer experience, and found that being forced to talk to an AI agent could easily have them jump ship to a competing service. More than half of respondents said they were only willing to give an automated system three minutes before walking away.
“When four out of every five consumers say service directly impacts their brand loyalty, that should sound alarms for experience strategists — especially those tasked with revenue goals,” said Parloa chief marketing officer Latané Conant in a press release.
When asked to rank their top customer service pain points, “talking to a bot that doesn’t understand me” shot to the top of the list for 25.9 percent of respondents. That’s even higher than “long hold times” or “being transferred multiple times,” which 22.8 and 13.4 percent of participants listed as the most frustrating, respectively.
The findings are striking considering that Parloa is itself building agentic AI solutions for customer service. Some 85 percent of respondents said they were very or somewhat likely to embrace an automated system that resolves their issue nine times out of ten — but given how far we are from such a reality, Parloa has its work cut out to keep its clients’ customers happy.
Zooming out, the poll also highlight a massive and growing AI backlash. According to a recent Pew Research poll, for instance, only 16 percent of respondents said they believed AI will have a positive impact on society.
And our willingness to deal with AI in a customer service context is seemingly at an all-time low. Parloa found that just 13.6 percent of respondents said they trusted an AI to handle complex service requests today. A whopping 30.4 percent said they had no trust at all.
“Ultimately, what consumers are signaling is utter exhaustion,” said Conant. “They’re rejecting systems that don’t listen, don’t adapt and don’t resolve problems when it matters, and these reactions are escalating impatience.”
With two million users, a 78% daily open rate, and a token launch on the horizon, CEO Kenny Wood is building the intelligence layer the sleep economy has been missing.
CCS
Ashton A. · Crypto Coin Show
Blockchain Interviews // June 2026
2M+App Users
78%Daily Open Rate
$100K+Revenue Generated
Soon™Sleep Token Launch
01 —
From Tamagotchi to AI Sleep Coach
If you grew up in the 1990s, you know the anxiety of a Tamagotchi dying while you were at school. Sleepagotchi takes that same emotional loop — nurturing a digital creature tied to your real-world behavior — and rebuilds it around the one thing every human has in common: sleep. The result is something genuinely new: a web3 wellness platform that is equal parts game, AI health coach, and token economy.
Kenny Wood, who took the CEO role after predecessor Anton stepped back, brings over two decades of AAA game and simulation development to the project. His arrival coincided with a strategic pivot. The original Sleepagotchi was a sleep-to-earn game that captured sleep data from your phone or wearable and rewarded users with V Sleep points. It worked as a game. What it wasn’t yet was useful.
“All that the game was doing was just capturing sleep data,” Wood explained. “My idea was to put all that extra data through AI agents and get real insights and make the product genuinely useful. That’s the direction we’re on now — and it’s working well so far.”
“A tracker tells you that you slept badly and does nothing about it. We actually help you do something about it.”
Kenny Wood — CEO, Sleepagotchi
That distinction — between measurement and action — is the core of what Sleepagotchi is now building. The app pairs the original game with an AI-powered wellness layer that processes wearable data through agents, surfaces personalized insights, and soon will allow users to speak directly with the AI: asking questions, receiving tailored coaching on sleep quality, timing, and lifestyle factors.
02 —
Wearable Agnostic by Design
One of the smartest decisions the team made early was not building a wearable. In a market already crowded with Whoop, Oura, Apple Watch, and Fitbit, adding another device to your wrist is a barrier, not a feature.
Instead, Sleepagotchi connects through Apple Health Kit and Google Health Connect, making it compatible with virtually any wearable a user already owns. For those without a wearable at all, phone-only mode tracks sleep through camera-down detection — a lightweight but functional proxy for sleep and wake times.
Platform Architecture
By integrating with Apple Health Kit and Google Health Connect, the app pulls from Whoop, Apple Watch, Fitbit, Oura, and any connected device — then runs that data through AI agents on-device to generate insights without exposing raw health data to external servers.
This architecture positions Sleepagotchi as infrastructure for the sleep economy rather than just another tracker. Coming next is a mood check-in system: three one-second popups per day asking users to select an emoji for their current state. Lightweight and frictionless, these inputs feed a growing behavioral profile that makes the AI’s recommendations increasingly specific over time.
03 —
Privacy Where It Matters Most
Sleep data is among the most personal data a device can collect — tied to your physical location, your body’s recovery patterns, your daily schedule. Wood addressed this directly: Sleepagotchi stores all data on the device, not on a server, and not on a blockchain.
EU GDPR and the terms of service of major wearable manufacturers impose strict restrictions on how health data can be transmitted. Sleepagotchi sidesteps the problem entirely by keeping data local. Users can delete everything at any time. When data is sent to an AI agent for processing, it is anonymized — only the required signal, with no persistent link back to the individual user.
“There’s no link between the data itself and the user,” Wood explained. “The AI just processes what it needs in an anonymized way.” In an era where most health apps quietly build behavioral profiles to sell to advertisers, that distinction matters — especially to a web3 audience already sensitized to questions of data ownership.
04 —
Two Million Users and the 78% Wake Moment
Before the iOS and Android apps gained their current traction, Sleepagotchi ran a Telegram mini-app campaign that generated two million views and served as the primary user acquisition funnel. Airdrop incentives drove downloads, users migrated to the native apps, and the platform crossed two million users.
But the number Wood keeps returning to isn’t the download count. It’s the 78% daily open rate — nearly eight in ten users opening the app the moment they wake up.
“Nearly eight in ten people open the app the moment they wake up. That’s a habit. And a habit is the only thing that actually changes your health.”
Kenny Wood — CEO, Sleepagotchi
In crypto, where retention drops off sharply when incentives run dry, that number is an outlier. The explanation is behavioral: by anchoring the app to the wake moment — the first action when eyes open — Sleepagotchi has embedded itself into a daily ritual. The game loop that rewards users for the previous night’s sleep makes opening the app feel like collecting something already earned.
The platform has also crossed $100,000 in revenue — signal that real users are paying for real utility, not just collecting free tokens. “People don’t pay for something they don’t want,” Wood noted, “especially in crypto where most users only turn up for free tokens.”
05 —
The Sleep Token: Utility First
Token Economics
V Sleep Points → $SLEEP Token
Accumulated in-app since launch, V Sleep points will convert directly to $SLEEP when the token launches in the coming months — rewarding early adopters before the broader market has a chance to participate.
Partners
Stake $SLEEP to get listed in the marketplace
Users
Spend $SLEEP on products, supplements & recommendations
Early Adopters
Convert V Sleep points to $SLEEP at launch
Airdrop
Earn sleep points now at hub.sleepagotchi.com
What distinguishes this launch from the wave of play-to-earn tokens that collapsed in 2022 is the emphasis on sustainable utility. Rather than emissions that drain value over time, the team is building a marketplace where token demand is generated by platform activity — partners stake to get listed, users spend to access recommendations and products.
The marketplace vision extends beyond digital goods. Wood described a roadmap that includes AI-generated product recommendations — sleep supplements, food guidance based on how diet correlates with your sleep data, and wellness courses. The AI, drawing on your personal sleep profile, surfaces the recommendation. The token powers the transaction.
06 —
The TAM Nobody Can Ignore
Every human being sleeps. The total addressable market for a sleep platform is, by definition, every person on earth. Beyond the surface-level observation is a structural opportunity: sleep is the one health behaviour that is universal, daily, measurable — and for most people, not yet optimized.
Web2 wearable companies have built multi-billion dollar businesses on sleep tracking. Sleepagotchi is making the case that the next layer — intelligent, personalized, incentive-aligned, and privacy-preserving — belongs in web3. The game brings users in. The AI makes them stay. The token makes the ecosystem self-sustaining.
For early movers, the airdrop window is open now at hub.sleepagotchi.com. The app is live on both iOS and Android. Token launch timing and updates are posted to the official X account and sleepagotchi.com.
Our Solana Mobile Seeker price prediction anticipates a high of $0.0167 by the end of 2026.
In 2028, it will range between $0.0211 and $0.0241, with an average price of $0.0221.
In 2032, it will range between $0.0462 and $0.0518, with an average price of $0.0481.
SKR’s strategic launch has successfully captured substantial market liquidity, driving up its Total Value Locked (TVL) to $152 million.
SKR is created by Solana Mobile Inc., which is a direct subsidiary of Solana Labs (the core team that built the Solana blockchain). SKR is the native token of Solana Mobile, which promotes an open mobile ecosystem that enables developers to launch Web3 apps, bypassing traditional app store gatekeepers.
The Solana dApp Store 2.0 (which just fully launched with the Seeker) is specifically designed to have 0% fees for developers. Unlike Apple or Google, which takes a 30% cut.
The primary driver of the Seeker phone’s value is its ecosystem’s historic airdrop returns, which have created a demand for the SKR token along with the device. The Seeker phone also features hardware-backed private key protection, including a seed vault, which isolates keys from the central operating system to enhance security against wallet exploits.
SKR’s direct link to the Seeker smartphone and its decentralized platform is going to play an important role in the future growth of the token, with the help of the larger community and user participation in the Solana ecosystem design and development. Solana Mobile’s Seed Vault wallet also ensures secure interactions and stronger utility. But how about SKR’s performance? How high will it go? Is SKR a good investment?
Let’s explore these questions in our SKR token price prediction from 2026 to 2032.
Overview
Cryptocurrency
Solana Mobile Seeker
Symbol
SKR
Current price
$0.00766 (-8.04%)
SKR crypto current market cap
$38.4M
Trading volume
$5.59M
Circulating supply
5.01B SKR
All-time high
$0.060 on Jan 22, 2026
All-time low
$0.005423 on Jan 21, 2026
24-hour high
$0.008341
24-hour low
$0.00765
SKR price prediction: Technical analysis
Metric
Value
Volatility (30-day variation)
20.75%
50-day SMA
$0.01279
200-day SMA
NO DATA
Current SKR crypto sentiment
Bearish
Green days
6/30 (20%)
Fear and Greed Index
23 (Extreme Fear)
SKR price analysis
TL;DR Breakdown
Seeker price analysis confirms a bearish trend at $0.00766.
The token lost 8.04% in value today.
SKR has support at $0.00743.
As of June 23, 2026, Solana Mobile Seeker (SKR) is trading near $0.00766, signaling that the coin is continuing its descent following some significant corrections. The altcoin now reports losses of over 27% since its launch, and its current value has decreased by 8.04% in the past 24 hours. Analyzing the chart, SKR’s selling pressure seems to be present around the immediate resistance levels near $0.00816. At the same time, SKR’s trading volume also decreased by 15.2% today, with its current market capitalization set at $38.4M, and current circulating supply of 5.01B SKR.
SKR slightly recovered to $0.00864 once again on June 20, but the selling momentum emerged in the next trading session, taking the token lower. The selling pressure continued yesterday when the coin touched $0.00816, and it has plunged to $0.00766 today. Overall, SKR has decreased by 8.04% during the past 24 hours, as the selling trend continues under the larger bearish pattern. Market conditions still warrant caution for bullish traders, as the token may continue to correct below its current price channel.
The SKR token price analysis shows that selling pressure is present for the cryptocurrency, as it is still shedding value at a rapid pace. Its price has further decreased to $0.00765 over the past few hours, and the volatility also appears to be high on the 4-hour chart, with immediate resistance present at $0.00790.
SKR technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value ($)
Action
SMA 3
0.008383
SELL
SMA 5
0.008352
SELL
SMA 10
0.008753
SELL
SMA 21
0.009566
SELL
SMA 50
0.01279
SELL
SMA 100
0.01540
SELL
SMA 200
NO DATA
NO DATA
Daily exponential moving average (EMA)
Period
Value ($)
Action
EMA 3
0.008315
SELL
EMA 5
0.008429
SELL
EMA 10
0.008771
SELL
EMA 21
0.009782
SELL
EMA 50
0.01210
SELL
EMA 100
0.01503
SELL
EMA 200
NO DATA
NO DATA
What to expect from SKR price analysis next?
The daily price analysis for the SKR/USD pair presents a solid bearish trend. Market activity mostly remained in a downward direction during the past 24 hours, creating unfavorable circumstances for investors. A successful hold above the $0.0070 level may clear a path back toward the $0.016 high. On the other hand, a break below $0.0070 may pull the price down to the $0.0050 zone.
Why is SKR down?
Solana Mobile’s SKR token initially moved sharply higher, driven by strong buying demand. However, data from Stockchain reveals that ‘smart money’ has begun offloading significant portions of their holdings. This shift suggests that while retail investors initially absorbed the selling pressure, some whales are now exiting their positions. The support present at the bottom of the current price channel was crushed, and the coin now reports significant losses of 8.04% over the past 24 hours, as the intraday trend remains bearish under a larger bearish structure.
Is SKR a good investment?
SKR is directly linked to Solana’s Seeker smartphone and its decentralized mobile platform. SKR also serves as a governance and utility token for the platform. The token’s design prioritizes security, scalability, and reliability, allowing builders and users to share greater ownership. Bringing hardware partners and developers together will also help the Solana mobile adoption. Token holders’ voting power is also an important aspect in how the Seeker ecosystem evolves in the future, as it involves users in decision-making, user rewards, and the management of community funds.
A major reason behind SKR’s sudden ascent was the massive airdrop distribution along with its launch across several tier 1 exchanges. On January 21st, nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker phone users and 188 early ecosystem developers. The current trend is bullish for the Solana-backed SKR, and predictions also paint a positive narrative with a maximum supply of 10.33B SKR.
What determines the long-term success of the Seeker ecosystem?
The ability to compete against mainstream mobile environments like Apple and Google, and in attracting top developers to build compelling Web3 apps, is what determines the long-term success of the Seeker ecosystem.
How does the performance of the Solana network affect the SKR token?
How well the SKR token does depends heavily on the overall health of the Solana network. It will also get a big push from upgrades like Firedancer, which is built to make transactions way faster.
Will SKR token reach $0.02?
Yes, the SKR token will rise above $0.02 in 2028. The move will come as the market moves toward new highs with the expansion of the Seeker platform, which will have a positive impact on future results.
Will SKR token reach $0.05?
Per the Cryptopolitan price prediction, Solana Mobile’s token will reach the $0.05 mark in 2032, as the Solana Mobile ecosystem is expected to grow. The token’s future price outlook will be positively influenced by the performance of the Seeker smartphone platform as Solana mobile adoption grows.
Will SKR token reach $0.10?
Per the Cryptopolitan price prediction, it remains unlikely that SKR token will get to $0.10 before 2032.
What is the long-term price prediction for SKR?
According to Cryptopolitan price predictions, Solana Mobile Seeker (SKR) will trade higher in the years to come, as the Seeker users increase and the Solana Mobile ecosystem evolves. SKR initially became one of the largest gainers among the top 500 crypto coins by market cap, surpassing a fully diluted value (FDV) of over $400 million in just a single day. A similar situation can arise again. Seeker adoption is also expected to increase over time.
However, macro factors like sudden market crashes or difficult international regulations could invalidate this intended bullish theory. In the short term, any calculated growth remains vulnerable if a drop in staking incentives or a slowdown in circulation transactions impacts the total number of verified transactions waiting in the memory pool, a critical reference point typically displayed on-chain for tracking asset velocity in real time. On the asset’s primary data page, this metric represents the immediate network health, which heavily influences investor sentiment and the asset’s live price momentum.
How high can SKR coin go?
Per the Cryptopolitan price prediction, SKR will reach a high of $0.0518 in 2032. However, this is not financial advice, and thorough research is advised before making any investment decisions.
Recent news/opinions on the Solana Mobile Seeker
Solana Mobile users can now buy on Amazon and eBay with SKR tokens on their Seeker phones. This is a major real-world utility upgrade for the Solana Mobile ecosystem, as historically, spending crypto directly at traditional e-commerce giants has been difficult for buyers, usually requiring third-party gift cards.
You can now buy on Amazon & eBay with $SKR on your Seeker phone.
That’s just one of the edges @solanamobile Seeker holders have this month – across DeFi, income, AI tools, and airdrop allocations.
Previously, Cryptopolitan reported that the Solana Mobile Seeker (SKR) has become the largest gainer among the top 500 crypto coins by market cap, surpassing a fully diluted value (FDV) of over $400 million in just a single day. A major reason behind SKR’s sudden ascent is the massive airdrop distribution along with its launch across several tier 1 exchanges. On January 21st, nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker phone users and 188 early ecosystem developers.
SKR price prediction June 2026
The SKR price forecast for June is a maximum price of $0.0156 and a minimum price of $0.0121. The average price for the month will be $0.0141.
Month
Potential low ($)
Potential average ($)
Potential high ($)
June
0.0121
0.0141
0.0156
SKR price prediction 2026
For 2026, SKR’s price will range between $0.0127 and $0.0167. The average price for the period will be $0.0147.
Year
Potential low ($)
Potential average ($)
Potential high ($)
2026
0.0127
0.0147
0.0167
SKR price prediction 2027-2032
Year
Potential low ($)
Potential average ($)
Potential high ($)
2027
0.0173
0.0184
0.0196
2028
0.0211
0.0221
0.0241
2029
0.0267
0.0285
0.0302
2030
0.0321
0.0347
0.0373
2031
0.0391
0.0419
0.0445
2032
0.0462
0.0481
0.0518
SKR price prediction 2027
The Seeker SKR price prediction estimates it will range between $0.0173 and $0.0196, with an average price of $0.0184.
SKR price forecast 2028
SKR coin price prediction climbs even higher into 2028. According to the predictions, SKR’s trading USD price will range between $0.0211 and $0.0241, with an average price of $0.0221.
SKR token price prediction 2029
Our analysis indicates a further acceleration in SKR’s price. It will trade between $0.0267 and $0.0302, with an average price of $0.0285.
SKR price prediction 2030
According to the SKR token price prediction for 2030, the SKR future price will range between $0.0321 and $0.0373, with an average price of $0.0347.
Seeker price prediction 2031
According to the price prediction for 2031, the SKR token will range between $0.0391 and $0.0445, with an average price of $0.0419.
SKR price prediction 2032
The Seeker price prediction for 2032 is a high of $0.0518. It will reach a minimum price of $0.0462 and an average price of $0.0481.
Solana Mobile Seeker (SKR) price prediction 2026-2031. Source: Cryptopolitan
Our predictions indicate that SKR will reach a high of $0.0167 by the end of 2026. In 2028, it will range between $0.0211 and $0.0241, with an average of $0.0221. In 2032, it will range between $0.0462 and $0.0518, with an average price of $0.0481. Note that the predictions are not investment advice. Seek independent professional consultation or do your research.
SKR historic price sentiment
Solana Mobile Seeker price history | Coingecko
Solana Mobile Seeker, or SKR, was launched and went officially live on January 21, 2025, with total supply locked at 10 billion SKR.
Nearly 2 billion SKR tokens were distributed among 100,908 eligible Seeker smartphone users and 188 early ecosystem developers through the SKR token airdrop. This also helped prevent airdrop selling by rewarding the early participants.
The Solana Mobile SKR airdrop to eligible users accounts for 20% of the total supply.
SKR went live with a base price of $0.0054 in the crypto market.
SKR’s strong price rally quickly took it to $0.022 and closed the day at $0.021, with 24-hour trading volume exceeding $38 million, becoming the largest gainer among the top 500 coins by market cap.
On January 22, 2026, SKR was trading near the $0.045 range; while the broader cryptocurrency industry was grappling with heavy corrections, SKR was enjoying strong bullish sentiment. However, the token price decreased to $0.020 in March and $0.016 in May.
At the start of June, SKR is trending near $0.014 with its price action pointing in a downward direction, as the crypto market is bearish, along with the stock market, due to international supply chain disruptions and escalating geopolitical conflicts.
