On January 26th, Mario Nawfal, founder and CEO of Dubai venture capital firm IBC Group, said in a social media post that in order to support the eponymous meme coin MARIOCTO, he has bought 50,000 dollars, and when the coin reaches the market value of 500 million dollars, it will be airdropped to 100 active community members on X. Previously, Mario Nawfal announced that it had destroyed the MARIO tokens airdropped into its wallet, worth $7 million at the time of destruction. As of press time, according to GMGN, the market value of MARIO tokens exceeded $25 million in 8 hours of issuance, and the turnover exceeded $51.60 million.