This funding should be ceased as the proposer (ampdot) has been donated 40M tokens in a meme coin called $ACT, and has already sold off over $240k USD, despite community calls to not sell these tokens and vest it in a linear schedule. The funds raised through the sale of the memecoins should be put towards this manifund rather than sitting in his personal blockchain wallet.
Ampdot's remaining holdings are still valued at over 1M USD at the time of writing.
The tokens are stored in ampdot's publicly available solana address here
3DrUWhsaxJcGkf5XkrQNCQfCDmJnVxHitz31UvNkqPUL
Many investors have lost substantial funds because ampdot shared and endorsed the memecoin to collect funds, but then subsequently acted hostile towards the community by selling large sums of donated tokens and closing off dialogue. The price of the token plummeted over 80% from its all-time-highs.
https://x.com/MacroCRG/status/1849758888758743531
He has since re-commenced dialogue with the community to prop up the price of the token, while simultaneously and continuously selling the token, thereby draining the liquidity from community raised funds and manipulating the market. Many in the community feel that his behavior has been highly unethical.
Solana address listed on X
https://x.com/amplifiedamp/bio
Admitting to irresponsible raising of funds
https://x.com/amplifiedamp/status/1848398842972295247
Tweet recognizing receipt of funding from the community