ElizaOS token collapses further after founder confirms project ending cryptocurrency ties
TL;DR
- The ElizaOS token fell 7% in 24 hours to an all-time low of $0.000274, with a market cap of just $2.09 million.
- Founder Shaw Walters declared the token “completely dead” following an out-of-court settlement that transferred the remaining treasury to a group of plaintiffs.
- Eliza Labs will continue developing the open-source software, but Walters pledged not to associate any token with the project in the future.
The ElizaOS token posted a 7% drop in the last 24 hours, more than 30% over the month, and hit an all-time low of $0.000274, according to data from CoinGecko. At the time of publication, the token trades at $0.0002788 with a market capitalization of $2.09 million, a collapse that contrasts sharply with the $2.5 billion peak it reached in January 2025, when the project still operated under the name AI16Z.
The decline was triggered by a blunt statement from Eliza Labs founder Shaw Walters, who declared the token “completely dead” and announced the dissolution of the Eliza Foundation. Walters clarified that he no longer holds or backs the token and that development of the open-source software will continue without a foundation structure or associated cryptocurrency.
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