ai16z2026-08-05 05:42:47Eliza Labs Founder Declares ai16z Token 'Dead' as Foundation Shuts DownAccording to a report from ChainCatcher, Shaw Walters, founder of Eliza Labs, has officially declared that the ai16z/ElizaOS token is 'dead' and that the related foundation will be closed. The decision comes after Burwick Law, a law firm representing token holders, filed a class-action lawsuit. Unable to afford the legal expenses, the foundation chose to settle and will distribute the rest of its treasury assets to claimants in full. Walters said he never sold any of his ai16z tokens and never made a profit from the project. He clarified that he only drew a basic wage matching that of an engineer and is currently relying on personal savings. He further stated that he intends to keep developing the underlying Eliza technology, but he explicitly promised that no token will ever be tied to Eliza again. For existing holders, Walters suggested they handle their tokens themselves, as the foundation will not provide repurchase support.2000
token death2026-07-24 04:35:15Over Half of All Tokens Have Failed, CoinGecko Report Reveals 2025 Token Extinction EventA CoinGecko report shows 53.2% of ~20.2 million tokens listed from mid-2021 to end-2025 are dead. 2025 alone accounts for 86.3% of all failed tokens, driven by low-barrier meme coins and a $19B liquidation event in October.160
