PEOPLE Token Plummets 41.77% Amid Security Concerns and Leadership Changes

On May 30, 2025, PEOPLE token prices plummeted by 41.77% over 24 hours to $0.02155. A week earlier, the asset had dropped 1,294.38%, though it had surged 3,574.82% over the past month. Year-to-date performance saw a 5,380.56% decline. These fluctuations followed a series of internal and external developments impacting the project’s credibility.

Leadership Changes Trigger Market Volatility

Recent internal restructuring at PEOPLE’s core development team intensified investor uncertainty. A senior engineer, responsible for protocol security, announced their resignation on May 28, citing “disagreements over project direction.” This departure followed months of public debates among community members about governance transparency. The developer’s exit marked the third high-profile exit in two months, raising concerns about institutional instability.

Security Vulnerabilities Erode Trust

Separately, an independent audit revealed critical flaws in PEOPLE’s smart contract architecture. The findings, published on May 29, highlighted unpatched vulnerabilities that could enable unauthorized asset transfers. While the team confirmed fixes are underway, the disclosure coincided with heightened regulatory scrutiny of decentralized finance platforms. Analysts noted the timing risks exacerbating investor skepticism.

Market Speculation and Regulatory Risks

Despite the turmoil, trading activity surged as speculative interest spiked. Retail investors accounted for 68% of recent volume, according to internal platform metrics. However, the token’s 24-hour trading volume dropped 73% compared to early May highs, signaling reduced liquidity.

Separately, rumors of a potential partnership with a major financial institution circulated on social media platforms. Analysts cautioned against conflating speculation with confirmed deals, emphasizing no formal agreements had been disclosed.

Technical Indicators Reflect Uncertainty

On-chain data indicated growing institutional caution. Whale addresses holding over 1% of total supply initiated large-scale transfers, redistributing 12.4% of their holdings across decentralized exchanges. This activity typically signals risk aversion among long-term holders.

PEOPLE’s price action remains heavily influenced by real-time developments, with technical support levels at $0.018 now critical to short-term stability.