The ElizaOS token, once valued at $2.4 billion, has seen its value plummet after the project's founder declared it dead. The decision comes after a series of setbacks, including a lawsuit and a 97% crash in value. Shaw Walters, the founder of Eliza Labs, stated that the ELIZAOS foundation is closing, effectively ending the token.
Source
"ElizaOS Token Value Plummets After Founder Declares Project 'Dead'" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
The token was introduced as a replacement for AI16Z following a rebranding effort. However, this move did not salvage the project's fortunes, and holders are now being advised to sell their tokens.