ai16zWhale: Bought 17% of the supply for 80 SOL, will donate 11% to support the development of the DAO

Odaily Planet Daily News According to Whale Elijah Madonia, who holds 16% of the ai16z supply, he wrote a post on X, reviewing his early experience of buying ai16z. Elijah said that he initially bought 80 SOL for 17% of the supply from ai16z. He later sent some Tokens to Shaw, the founder of ai16z, and another team member because ‘they didn’t even have a chance to buy them themselves’. Elijah then distributed some Tokens to fren at a discounted price, hoping to share the profits. Currently, Elijah still holds 16% of the ai16z supply, and he plans to reduce the position to 5%. He will donate the remaining 11% to ai16z’s Lock-up Position plan, which aims to support promising developers and creators. It will also help address Liquidity issues through feasible OTC trades, which are beneficial for the development of the ai16z DAO and the introduction of new partners.