ElizaOS token collapses 99% after lawsuit drains treasury, founder sells $25M tokens for $40K tax reasons – pluang.com

Eliza Labs founder Shaw Walters sold his entire ELIZAOS token holdings for about $40,000, down from an original value of $25 million, to cover tax obligations. The ELIZAOS token was declared dead after a class-action lawsuit settlement wiped out the foundation's treasury, eliminating any support or buyback programs. The token's price fell roughly 99%, and Walters confirmed no new tokens will be issued. However, the ElizaOS AI framework will continue independently, but without any financial connection to the token holders.
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