The 500x meme coin DRUGS that emerged over the weekend, sparking a new token hunting frenzy on daos.fun?
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The 500x meme coin DRUGS that emerged over the weekend, sparking a new token hunting frenzy on daos.fun?
The deviation from market positioning unexpectedly lifted the ceiling for daos.fun.
Navigating Web3 tides with focused insightsText: Azuma, Odaily Planet Daily
Over the weekend, the Desci project Big Pharmai (DRUGS) continued daos.fun's wealth creation legend.
GMGN market data shows that at the time of writing, DRUGS was trading at $0.0401198, with a market cap of approximately $44 million. Calculated against its fundraising cap of 420 SOL (about $92,000), plus an additional 42 SOL raised to build initial liquidity, DRUGS has surged nearly 500x since emerging from its private sale phase, becoming the most outstanding daos.fun-linked token since ai16z.
Big Pharmai Concept Overview
The meme narrative behind Big Pharmai centers on healthcare and pharmaceuticals, with the stated vision of disrupting "Big Pharma"—the large pharmaceutical companies that hold significant global influence and market share. The project’s founder operates an X account under the name Anthony Fauccai (@anthonyfauccai), clearly mimicking Anthony Fauci, the prominent epidemiologist who rose to fame during the pandemic.
A key reason for the project’s widespread attention is the open support from top-tier DeSci project Pump Science (RIF, URO), although Pump Science has emphasized that DRUGS is not its platform token.
On December 14, Big Pharmai posted its first official announcement on X, revealing it would launch fundraising via daos.fun, aiming to raise 420 SOL (with an additional 10% required by platform rules to establish initial liquidity).
Big Pharmai introduced a whitelist mechanism for fundraising, where the team selectively granted participation rights based on community engagement. Under the related posts, numerous users could be seen going to great lengths to attract the team’s attention in hopes of securing a spot in the fundraising round.
Ultimately, 7,082 participants joined Big Pharmai’s fundraising. The subsequent price surge of DRUGS proved their efforts worthwhile—gaining access to the fundraising round meant securing exposure to hundreds of times returns.
daos.fun: A Meme Platform Disguised as a Launchpad
At the end of October, following ai16z’s breakout success, we published an analysis of daos.fun titled "Analyzing daos.fun: Can ai16z’s Success Rekindle the pump.fun Legend?"
In that article, we noted that daos.fun positions itself as a meme “fund” launchpad built on Solana, where funds launched through the platform operate in the form of DAOs and issue corresponding DAO tokens (for example, ai16z is the DAO token of such a fund).
However, considering actual developments over the past two months, the community does not perceive daos.fun according to its self-defined role. Instead, it is widely regarded simply as another meme platform—even viewed as a successor to pump.fun.
In short, daos.fun’s fundraising phase corresponds to pump.fun’s private sale (inner盘) stage; the extra 10% capital raised on daos.fun serves a similar purpose to the liquidity accumulation seen during pump.fun’s initial issuance and early growth phases; and daos.fun’s public trading phase after fundraising mirrors pump.fun’s free trading period post-private sale breakout.
From the perspective of user opportunity, because only vetted founders can launch projects on daos.fun and popular projects tend to have relatively high fundraising targets, daos.fun offers fewer projects than the open model of pump.fun, but generally provides users with longer participation windows (Big Pharmai’s fundraising lasted nearly 10 days); however, popular projects on daos.fun often impose whitelist restrictions on fundraising, forcing users to compete across dimensions like community engagement to secure limited allocation spots.
The ceiling has been lifted—new project hype is set to rise.
This difference in market positioning actually expands the imagination around daos.fun-linked tokens—real-world applications have limits, but memes do not. How high a token’s price can go depends entirely on market enthusiasm.
If ai16z’s earlier breakout could still be seen as an isolated case, DRUGS’ performance now solidifies daos.fun’s new identity.
ai16z recently broke past a $1 billion market cap, raising the ceiling for all daos.fun-linked tokens; the emergence of DRUGS proves the sustainability of daos.fun’s wealth-generation effect.
Given this context, we have good reason to expect increased retail attention and participation in daos.fun in the coming period, potentially creating new opportunities on the platform.
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