Crypto Asset Deep Analysis|ai16z DAO, $AI16Z
Then, here is the history of this project.
First of all, ai16zDA ran ICO with $100K on Solana.
Then, they ran another ICO with $7M which ended in half a day.
Then, after they launched their tokens on October 26th, 2024, Mark Andreessen himself tweets about this project, and gained strong market attention and achieved $100M market cap.
Then, with Christmas Rally effect on December 25th 2024, they achieved $1B market cap.
But, their DAO treasury has only $800K for investment.
So, again, the token market cap over $1B
with only $800K AUM without proven investment performance is extremely overvalued.
For more detail:
https://orblabs.ventures/105995/
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