CoinDesk·3 min read·medium

AI agent token once worth $2.4 billion ends with founder calling it dead

S
Shaurya Malwa
AI agent token once worth $2.4 billion ends with founder calling it dead
AI Summary

The ELIZAOS AI agent token project has been declared dead by its founder, Shaw Walters, following a 97% drop in value and ongoing legal challenges. The foundation is closing after settling a class-action lawsuit that alleged deceptive practices and market manipulation.

Shaw Walters, founder of Eliza Labs and the open-source ElizaOS agent framework, said the ELIZAOS token is finished and its foundation is closing.

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