a16z partner clarified that the token A16ZE was not released, and the latter's market value fell from tens of millions of dollars to hundreds of thousands of dollars overnight

Odaily News a16z partner Marc Andrusko responded to the community this morning and said that neither he nor a16z has anything to do with the tokens a16ze or b16z. Believe founder Ben Pasternak clarified that he has no connection with a16z.
Influenced by the above news, the market value of A16ZE, a token issued through the Believe platform, surged to over 12 million US dollars last night, and then fell rapidly. As of press time, the market value of the token was only 332,000 US dollars.
In addition, the founder of Believe said that a number of measures will be introduced within 48 hours to prevent fraudulent project tokens.