‘RAGE QUIT’

Summary from the TLDR Crypto newsletter

Owners of Nouns are opting for a "rage quit," a move reflecting their dissatisfaction with the project. Instead of selling their NFTs on the open market in the middle of a bear market, they are seeking a better price from NounsDAO's Ether token reserve. This step, resulting from newly enacted rules, allows 20% of NFT holders to split from the group and claim their share of the project's 30,620 Ether tokens, worth about $50 million.