The news from BlockBeats on January 26th, Mario Nawfal, founder and CEO of Dubai’s venture capital company IBC Group, announced on social media that he has bought $50,000 to support the meme coin MARIO CTO. When the token reaches a market capitalization of $500 million, it will be airdropped to the top 100 active community members on X. Prior to this, Mario Nawfal announced that he had burned the MARIO tokens airdropped to his wallet, with a value of $7 million at the time of burning. As of press time, according to GMGN quotes, the MARIO token has a market capitalization of over $25 million and a trading volume of over $51.6 million within 8 hours of its launch. BlockBeats reminds users that meme coins have no actual value, so investment should be cautious.