Why is the ‘Dead’ ConstitutionDAO (PEOPLE) Coin Pumping Over 300%?

The decentralized autonomous organization (DAO) token PEOPLE, formerly known as ConstitutionDAO, has pumped over 300% today in a shocking price movement. PEOPLE is currently trading around $0.045 after cooling off from a surge earlier to $0.053. Its market cap now stands at $232 million, which is still way below its all-time high back in 2021