Original | Odaily Planet Daily (@OdailyChina)
Author | Azuma (@azuma_eth)
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 publication of this article, DRUGS is currently priced at 0.0401198 USD, corresponding to a market value of approximately 44 million USD. Based on a fundraising limit of 420 SOL (about 92,000 USD) during the fundraising phase (an additional 42 SOL was raised to build initial liquidity), DRUGS has nearly increased by 500 times since breaking out from the 'inner market', becoming the brightest performing token in the daos.fun system after ai16z.
Brief Introduction to Big Pharmai Concept
The meme narrative of Big Pharmai revolves around healthcare and pharmaceuticals, with a vision to disrupt 'Big Pharma,' which refers to the large pharmaceutical companies that have significant influence and market share globally. The initiator of Big Pharmai has the X account name Anthony Fauccai (@anthonyfauccai), clearly mimicking the well-known epidemiologist Anthony Fauci, who became popular during the pandemic.
The project has gained significant attention largely due to the explicit support from leading DeSci projects Pump Science (RIF, URO); however, Pump Science has also emphasized that DRUGS is not a token of the Pump Science platform.
On December 14, Big Pharmai released its first tweet about the token launch on official X, disclosing plans to raise 420 SOL through daos.fun (the platform rules require an additional 10% to initiate initial liquidity).
Big Pharmai's fundraising introduced a whitelist rule, and the team will selectively grant fundraising participation qualifications to users based on community interaction content. Below related tweets, you can see numerous users trying their best to attract the attention of the Big Pharmai team in hopes of obtaining some fundraising participation quotas.
In total, 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 entering the fundraising phase, it means hundreds of times the increase.
daos.fun: A meme platform dressed as a Launchpad
At the end of October, after the explosion of ai16z, we wrote an analysis article about daos.fun (Analyzing daos.fun: Can the explosion of ai16z recreate the pump.fun myth?).
In this article, we previously mentioned that daos.fun positions itself as a meme 'fund' launching platform based on Solana, and the 'funds' launched through this platform will operate in the form of a DAO and issue corresponding DAO tokens (for example, ai16z is the DAO token of this 'fund').
However, considering the actual developments over the past two months, the community has not viewed the platform based on daos.fun's own positioning; instead, it still regards it as a meme platform, even completely seeing it as another pump.fun.
In short, the fundraising phase of daos.fun can be viewed as the inner market phase of pump.fun; the additional 10% raised by daos.fun serves a purpose similar to the necessary liquidity accumulation during the initial issuance phase and inner market growth phase of pump.fun; the public trading phase after daos.fun's fundraising ends is equivalent to the free trading phase after pump.fun breaks out from the inner market.
From the perspective of user participation opportunities, since only vetted initiators can launch 'funds' on daos.fun, and the fundraising amounts for popular projects are relatively large, daos.fun has fewer options compared to the open selection sample of pump.fun, leaving users with generally longer time windows (Big Pharmai's fundraising also lasted nearly 10 hours); however, popular projects on daos.fun often impose whitelist restrictions on fundraising, which means that users must compete in other dimensions such as community interaction to seize limited fundraising quotas.
The ceiling has been opened, and the enthusiasm for new listings is expected to rise.
The difference in market positioning actually opens up the imaginative space for daos.fun system tokens — there are always limits to business, but memes have none; the price can rise as high as market enthusiasm allows.
If the previous explosion of ai16z could be seen as an isolated case, the performance of DRUGS this time further solidifies the new positioning of daos.fun.
The market capitalization of ai16z recently broke through 1 billion USD, raising the ceiling for all daos.fun system tokens; the emergence of DRUGS proves the continuity of the wealth creation effect of daos.fun.
Given this background, we have reason to expect that in the coming period, daos.fun will attract more retail attention and participation, which may drive new opportunities on the platform.
