a16z partner clarifies that the Token a16ze has not been released, as its market capitalization fell from tens of millions of dollars to hundreds of thousands overnight.

According to BlockBeats news, on June 3rd, a16z partner Marc Andrusko responded to the community this morning, stating that neither he nor a16z have any connection with the Token a16ze or b16z. Additionally, Believe founder Ben Pasternak clarified that he has no association with a16z. As a result of the aforementioned news, the Token A16ZE, which was released through the Believe platform, surged to over 12 million dollars in market capitalization last night, but quickly fell. As of the time of publication, the market capitalization of the Token is only 332,000 dollars.