The historical trend of the PEOPLE token is quite interesting. During the last bull market, right after launching spot trading in December 2021, it surged to 0.2, then gradually declined to 0.008, a nearly 25x drop. But it rebounded shortly after, reaching a high of 0.14 within half a year, a 17.5x increase. It then entered another correction, with the lowest point touching 0.006, and has now rebounded to 0.011.

From a project attribute perspective, PEOPLE mainly carries the concepts of DAO, American political IP, and the core of old MEME. There was also a classic move earlier — community crowdfunding to acquire the first U.S. Constitution, which added a lot of buzz to the project.

From a technical analysis standpoint, the price has fallen from 0.14 to 0.01, essentially confirming the bottom zone. Coupled with the recent rise in American political narratives and being in a critical election cycle, tokens with American IP tags are indeed easily driven by sentiment. At the current price of 0.011, there is still room for growth. The next step is to watch whether the 0.015 to 0.02 range can be broken through, serving as the first target for the rebound.