a16z Partner Clarifies No Token a16ze Was Released, The Latter's Market Cap Plummeted Overnight from Millions to hundreds of thousands of Dollars

BlockBeats News, June 3rd, a16z partner Marc Andrusko responded to the community this morning, stating that neither himself nor a16z have any affiliation with the token a16ze or b16z.

Furthermore, Believe founder Ben Pasternak clarified that he has no association with a16z.

Following the above news, the token A16ZE released through the Believe platform surged to a market value of over $12 million last night, but quickly plummeted. As of the time of writing, the token's market value is only $332,000.