Odaily News Elijah Madonia, a whale holding 16% of the ai16z supply, posted on X and reviewed his early experience of buying ai16z. Elijah said that he initially bought 17% of the ai16z supply for 80 SOL, and then sent some tokens to ai16z founder Shaw and another team member because "they didn't even have the opportunity to buy it themselves." Elijah then distributed some tokens to friends at a discount price, hoping to share the profits. Currently, Elijah still holds 16% of the ai16z supply. He said he would reduce his position to 5% and donate the remaining 11% to the ai16z lock-up plan, which aims to support promising developers and creators and help solve liquidity problems through viable OTC transactions. These transactions are conducive to the development of ai16z DAO and the introduction of new partners.