On October 29th, Elijah Madonia, a whale holding 16% of ai16z's supply, posted about his early experience buying ai16z. Elijah initially purchased 17% of ai16z's supply for 80 SOL and later sent some tokens to ai16z founder Shaw and another team member. He still holds 16% of ai16z's supply but plans to reduce it to 5% and donate the remaining 11% to ai16z's lock-up plan. This plan aims to support promising developers and creators and facilitate OTC trades to address liquidity issues, which will benefit the development of ai16z DAO and introduce new partners.