PANews reported on October 29 that Elijah Madonia, a whale holding 16% of the ai16z supply, said on the X platform that he had purchased 17% of the ai16z supply with 80 SOLs, and then sent some tokens to ai16z founder Shaw and another team member because "they didn't even have the chance to buy it themselves"; afterwards, Elijah distributed some tokens to friends at a discount, hoping to share the profits. Elijah further pointed out that he still holds 16% of the ai16z supply and plans to reduce it to 5%, and donate the remaining 11% to the ai16z lockup plan, which aims to support promising developers and creators and help solve liquidity problems through viable OTC transactions, which are conducive to the development of ai16z DAO and the introduction of new partners.