Mario Nawfal: To support the namesake meme coin's CTO, I have purchased $50,000 worth and will airdrop it once its market cap reaches $500 million

BlockBeats News, January 26th, Mario Nawfal, Founder and CEO of Dubai-based venture capital firm IBC Group, announced on social media that he has purchased $50,000 to support the namesake meme coin MARIO CTO. He stated that once the token reaches a $500 million market cap, he will airdrop all of it to the top 100 active community members on X.

Previously, Mario Nawfal announced that he had burned the MARIO tokens airdropped to his wallet, which were worth $7 million at the time of burning.

At the time of writing, according to GMGN data, the market cap of the MARIO token exceeded $25 million within 8 hours of launch, with a trading volume of over $51.6 million.

BlockBeats reminds users that meme coins have no intrinsic value, and users should exercise caution when investing.