Author: Azuma, Odaily
The DeSci project Big Pharmai (DRUGS) continued to write the wealth creation myth of daos.fun over the weekend.
GMGN market data shows that as of the time of writing, DRUGS is temporarily reported at $0.0401198, corresponding to a market value of about $44 million. Calculated based on the limit of 420 SOL (about $92,000) in the fundraising stage (another 42 SOL was also raised to build initial liquidity), DRUGS has risen nearly 500 times after "breaking out of the internal market", becoming the most eye-catching token in the daos.fun system after ai16z.
Brief Introduction to Big Pharmai
The meme narrative of Big Pharmai is centered on medicine and pharmaceuticals, with the vision of disrupting "Big Pharma", the large pharmaceutical companies with significant global influence and market share. The initiator of Big Pharmai's X account is named Anthony Fauccai (@anthonyfauccai), which is obviously imitating the famous epidemiologist Anthony Fauci who became popular during the pandemic.
The reason why this project has attracted so much attention is largely due to the open support of the leading DeSci project Pump Science (RIF, URO), although Pump Science has also emphasized that DRUGS is not a platform token of Pump Science.
On December 14, Big Pharmai released the first tweet about the token launch on the official X, revealing that it will start fundraising on daos.fun, planning to raise 420 SOL (the platform rules also require raising 10% to start the initial liquidity).
Big Pharmai's fundraising introduced a whitelist rule, and the team will selectively grant fundraising participation qualifications to users based on their community interactions. In the comments of the relevant tweets, you can see a large number of users who are eager to get into the fundraising stage using all their efforts to attract the attention of the Big Pharmai team in order to obtain some fundraising participation quota.
In the end, a total of 7,082 people participated in Big Pharmai's fundraising. The subsequent rise of DRUGS also proved that the efforts of these users were not in vain - once they got into the fundraising stage, it meant hundreds of times the increase.
daos.fun: A meme platform disguised as a Launchpad
At the end of October, after the explosion of ai16z, we had written an article analyzing daos.fun, titled Analysis of daos.fun: Can the explosion of ai16z recreate the pump.fun myth?
In that article, we mentioned that the self-positioning of daos.fun is a meme "fund" launch platform based on Solana, and the "funds" launched through this platform will operate in the form of DAOs and issue corresponding DAO tokens (for example, ai16z is the DAO token of this "fund").
However, based on the actual development of the past two months, the community has not actually viewed the platform in the way daos.fun positions itself, but rather still sees it as a meme platform, and even completely regards it as another pump.fun.
In short, the fundraising stage of daos.fun can be seen as the internal market stage of pump.fun; the 10% additional funds raised by daos.fun are similar to the necessary liquidity accumulation in the initial issuance stage and the internal market growth stage of pump.fun; the public trading stage after the fundraising of daos.fun is equivalent to the free trading stage after the "breaking out" of the internal market of pump.fun.
From the perspective of user participation opportunities, since only the reviewed initiators can launch "funds" on daos.fun, and the fundraising amount of popular projects is relatively large, the sample of projects on daos.fun is less than that of pump.fun, and the time window for users is generally longer (the fundraising of Big Pharmai also lasted for nearly 10 hours); however, popular projects on daos.fun often set whitelist restrictions on fundraising, which means that users must compete in other dimensions such as community interaction to grab the limited fundraising quota.
The ceiling has been opened, and the enthusiasm for new projects is expected to rise
The difference in market positioning has actually opened up the imagination space for the tokens in the daos.fun system - business always has an upper limit, but meme does not, and the coin price can soar as high as the market enthusiasm.
If the previous explosion of ai16z could be seen as an isolated case, the performance of DRUGS this time has further solidified the new positioning of daos.fun.
The market value of ai16z has recently strongly broken through $1 billion, which has raised the ceiling for all daos.fun system tokens; the emergence of DRUGS has proven the continuity of the wealth creation effect of daos.fun.
Based on this background, we have reason to expect that in the coming period, daos.fun will attract more retail attention and participation, which may drive the emergence of some new opportunities on this platform.
