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Aragon's ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis

The ANT token rallied to its highest levels for May after the co-founder of Aragon advocated for token buybacks as a way to solve the governance crisis that’s besieged the Swiss-based Aragon Association. Luis Cuende, who created the DAO builder’s platform and retains influence in the association running it, called for $30 million in ANT buybacks using a smart contract. He also called for Aragon’s $200 million treasury to gradually transfer to the Aragon DAO – an entity controlled by ANT token holders – over a period of five years. Coming nearly one week into Aragon’s governance crisis, the proposal seemed to cool a volatile situation.

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