PANews reported on April 17 that ai16z founder Shaw explained his "purchase of a token called FUN on pump.fun": "There is no official auto.fun token yet, and there is no plan to launch it. The tokens purchased are just for hype. I will send my supply to the DAO, and I think we will keep it. You can give it the CTO or whatever you want." Shaw later deleted the tweet and posted: "All have been destroyed."