Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
DeSci project Big Pharmai ( DRUGS) continued daos.fun’s wealth-making myth over the weekend.
GMGN market data shows that as of the time of writing, 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 increased by nearly 500 times since it was sold out of the internal market, becoming the most outstanding daos.fun token after ai16z.
Big Pharmai Concept Brief
The meme narrative of Big Pharmai 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 due to the explicit support of the leading 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 about the launch of the token on its official account, announcing that it would start fundraising on daos.fun, planning to raise 420 SOL (another 10% is required to start initial liquidity according to platform rules).
Big Pharmais fundraising introduced a whitelist rule, and the team will selectively grant 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 Pharmais 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 hundreds of times the 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 popularity of ai16z recreate the myth of pump.fun?
In that article, we mentioned that daos.fun positions itself as a meme fund launch platform based on Solana. The fund launched by raising funds on this platform will operate in the form of a 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 sees it as a meme platform, or even completely sees 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 breaks out of the internal market.
From the perspective of user participation opportunities, since only vetted initiators can initiate a fund on daos.fun, and the fundraising amount of popular projects is relatively large, daos.fun has fewer audit samples than pump.fun, and the time window left for users is generally longer (Big Pharmais fundraising also lasted nearly 10 months); 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 in order 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 - business always has an upper limit, but meme does not, and how high the coin price can go depends entirely on market enthusiasm.
If ai16zs previous popularity can be regarded as an isolated case, DRUGSs performance this time has once again solidified daos.funs new positioning.
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.funs wealth-creating effect.
Based on this background, we have reason to expect that in the coming period of time, daos.fun will attract more attention and participation from retail investors, which may drive some new opportunities for the platform.
