None
EN
Eliza Labs founder sells $25M in ElizaOS tokens as project collapses after lawsuit
['Editorial Team']
Crypto Briefing
On that date, Walters posted to X declaring the ELIZAOS token dead.
ELIZAOS token price collapsed to around $0.00025, a decline of roughly 99% from earlier valuations.
If ELIZAOS tokens were once worth $25 million on paper, Walters may have owed taxes calculated against that number regardless of what the tokens were worth when he actually sold them.
Selling $25 million worth of tokens for $40,000 does not eliminate the original tax liability.
There is no longer a mechanism connecting the success of the ElizaOS framework to the value of the ELIZAOS token.