ElizaOS Token Officially 'Dead' After Lawsuit Drains Treasury

The ElizaOS project, once one of the fast-growing AI crypto projects, has reached a major milestone, its token is 'dead,' according to founder Shaw Walters.

The ELIZAOS coin lost over 97% of its value since its all-time high and recently dropped by another 20% in 24 hours to a record low near $0.0002702, with a market cap of around $2.63 million.

This decision comes after the project's treasury was drained to settle a lawsuit with token holders represented by Burwick Law.

The lawsuit, which began in April 2026, accused Eliza Labs and Walters of false advertising, deceptive business practices, negligent misrepresentation, and unjust enrichment.