On October 29th, Elijah Madonia, a giant whale holding 16% of the supply of ai16z, posted on X to review his early experience of buying ai16z. Elijah said he initially bought 17% of ai16z's supply in 80SOL, and later sent some tokens to ai16z founder Shaw and another team member. At present, Elijah still holds 16% of ai16z's supply. It said it will reduce its position to 5% and donate the remaining 11% to ai16z's hedging program, which aims to support promising developers and creators and help solve liquidity problems through viable over-the-counter transactions that facilitate the development of ai16z DAO and the introduction of new partners.