AI agent token once worth $2.4 billion ends with founder calling it dead
CoinDesk·
60-second summary
The AI agent token ELIZAOS, once valued at $2.4 billion, is effectively being terminated by its founder Shaw Walters, who advises holders to sell their tokens. This move comes after a rebranding effort following a lawsuit and a staggering 97% price crash, leaving the token's future uncertain and sparking concerns about the viability of AI-focused cryptocurrency projects.
Eliza Labs founder Shaw Walters said the ELIZAOS foundation is closing and holders should sell, ending the token that replaced AI16Z after a lawsuit, rebrand and 97% crash.