ai16z founder: The official auto.fun token has not been launched yet, and the purchased tokens are only for hype

ChainCatcher news, ai16z founder Shaw tweeted regarding the "purchase of the token named FUN on pump.fun," stating, "There is currently no official auto.fun token launched, nor any related plans; the purchased tokens are merely for hype. I will send my supply to the DAO, and I think we will keep it; you can feel free to make it the CTO or whatever else."

Or influenced by this news, according to GMGN market data, the price of FUN quickly dropped below $500,000.