Founder of ai16z makes controversial remarks again, ai16zToken has experienced a 50% slump in the past 3 hours.

BlockBeats News, on November 24th, according to community sources, Shaw, the founder of ai16z, stated that the recent AI meme coin Mat LevAIn was not released by their team, but based on ai16z's framework. Shaw also mocked the comments related to Mat LevAIn coin on social media. Possibly influenced by this news, ai16z Token has slumped by nearly 50% in the past 3 hours, with Market Cap falling from $260 million to a low of $126 million and now reported at $155 million, a 23.05% fall in the past 24 hours.