Odaily Planet Daily News According to community user feedback, ai16z founder Shaw said that a recent AI Meme coin Mat LevAIn (MATL) was not released by his team, but used the ai16z framework. But Shaw mocked the users who suffered losses on Mat LevAIn. Perhaps affected by this news, the market value of ai16z fell from US$260 million to US$146.1 million, and the coin price fell by 30.4% in 24 hours.