ElizaOS Token Collapses 97%, Founder Declares Project Dead and Urges Holders to Sell

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Eliza Labs founder Shaw Walters has publicly declared the ELIZAOS project dead, advising token holders to sell their holdings. The token, which replaced the earlier AI16Z token following a lawsuit and rebranding, has crashed approximately 97% from its peak value. At its height, the project commanded a market valuation of around $2.4 billion. Walters also confirmed that the ELIZAOS foundation is shutting down entirely. The collapse marks a dramatic end to one of the more prominent AI-focused crypto projects in recent memory.

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