The myth of DRUGS making people rich by 500 times has set off a new wave of daos.fun listings

Original title: "The 500-fold magic coin DRUGS that emerged over the weekend has set off a wave of new listings on daos.fun?"

Original author: Azuma, Odaily Planet Daily

DeSci project Big Pharmai (DRUGS) continued the myth of daos.fun's wealth creation over the weekend.

GMGN market data shows that as of the time of posting, DRUGS is temporarily reported at $0.0401198, corresponding to a market value of approximately $44 million. Based on the limit of 420 SOL (approximately $92,000) in the fundraising stage (an additional 42 SOL was raised to build initial liquidity), DRUGS has risen nearly 500 times since it was sold out from the "internal market", becoming the most dazzling daos.fun token after ai16z.

Big Pharmai concept brief

Big Pharmai's meme narrative is about medicine and pharmaceuticals, and its vision is to subvert "Big Pharma", that is, large pharmaceutical companies with significant influence and market share worldwide. The X account of the initiator of Big Pharmai is named Anthony Fauccai (@anthonyfauccai), which is obviously also imitating Anthony Fauci, a well-known epidemiologist who became popular during the epidemic.

The reason why this project has attracted widespread attention is largely because of the explicit support of the head DeSci project Pump Science (RIF, URO), but Pump Science has also emphasized that DRUGS is not a Pump Science platform token.

On December 14, Big Pharmai released its first tweet on the official X about the launch of the token, disclosing that it will start fundraising on daos.fun, and plans to raise 420 SOL (platform rules require another 10% to start initial liquidity).

Big Pharmai's fundraising introduced a whitelist rule, and the team will selectively issue fundraising participation qualifications to users based on the content of community interaction. Below the relevant tweets, you can see that a large number of users who hope to squeeze into the fundraising stage have tried their best to attract the attention of the Big Pharmai team in order to obtain some fundraising participation quotas.

In the end, a total of 7,082 people participated in Big Pharmai's fundraising. The subsequent increase in DRUGS also proved that the efforts of these users were not in vain - once they squeezed into the fundraising stage, it meant a hundreds-fold increase.

daos.fun: a meme platform in the guise of Launchpad

At the end of October, after ai16z became popular, we wrote an analysis article about daos.fun, "Analysis of daos.fun: Can the explosion of ai16z recreate the myth of pump.fun? 》

In that article, we mentioned that daos.fun is positioned as a meme "fund" launch platform based on Solana. The "fund" launched by fundraising on this platform will operate in the form of DAO and issue corresponding DAO tokens (for example, ai16z is the DAO token of the "fund").

However, based on the actual development in the past two months, the community does not actually view daos.fun as its own platform, but still views it as a meme platform, or even completely views it as another pump.fun.

In short, the fundraising stage of daos.fun can be regarded as the internal market stage of pump.fun; the utility of the additional 10% amount raised by daos.fun is similar to the necessary liquidity accumulation during the initial issuance stage and the internal market growth stage of pump.fun; the public trading stage after the fundraising of daos.fun is equivalent to the free trading stage after pump.fun has broken out of the internal market.

From the perspective of user participation opportunities, since only the initiators who have been reviewed can initiate "funds" on daos.fun, and the fundraising amount of popular projects is relatively large, daos.fun has fewer audited samples than pump.fun, and the time window left for users is generally longer (Big Pharmai's fundraising also lasted for nearly 10 hours); however, popular projects on daos.fun often set whitelist restrictions on fundraising, which means that users must compete in other dimensions such as community interaction to grab limited fundraising quotas.

The ceiling has been opened, and the enthusiasm for new listings is expected to rise

The difference in market positioning actually opens up the imagination space for daos.fun tokens - there is always an upper limit for business, but there is no upper limit for meme. How high the price of the coin can go depends entirely on market enthusiasm.

If the previous explosion of ai16z can be regarded as an isolated case, the performance of DRUGS this time has once again solidified the new positioning of daos.fun.

The market value of ai16z has recently exceeded 1 billion US dollars, which has raised the ceiling of all daos.fun tokens; the emergence of DRUGS proves the continuity of daos.fun's wealth-making effect.

Based on this background, we have reason to expect that in the next period of time, daos.fun will attract more attention and participation from retail investors, which may promote some new opportunities for the platform.

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