ai16z whale: Once bought 17% of the supply for 80 SOL, will donate 11% to support the development of the DAO

ChainCatcher news, whale Elijah Madonia, who holds 16% of the ai16z supply, posted on X reflecting on his early experience of buying ai16z.

Elijah stated that he initially purchased 17% of the ai16z supply for 80 SOL, and later sent some tokens to ai16z founder Shaw and another team member because "they didn't even have the opportunity to buy themselves." Elijah then distributed some tokens to friends at a discounted price, hoping to share the profits.

Currently, Elijah still holds 16% of the ai16z supply, and he indicated that he will reduce his holdings to 5%, donating the remaining 11% to ai16z's lock-up program, which aims to support promising developers and creators, and to address liquidity issues through feasible OTC transactions that benefit the development of the ai16z DAO and introduce new partners.