ChainCatcher news, Mario Nawfal, founder and CEO of the Dubai venture capital firm IBC Group, stated in a post on X that he has purchased $50,000 worth of the meme coin MARIO CTO to support its namesake. When the token reaches a market value of $500 million, he will airdrop it all to the 100 most active community members on X.Previously, Mario Nawfal announced that he had burned the MARIO tokens airdropped to his wallet, which were valued at $4-7 million at the time of burning, and are now worth $15 million.