In the meme coin market, ai16z, a DAO venture capital, recently launched two tokens with the theme of 'Eliza.' However, the timing of the token launches, the internal team's development behavior, and the impact on investors have sparked heated discussions in the community. Although the founder of ai16z, Shaw, and the developer, Logan, have personally explained, it still faces strong criticism from the outside world, and some users even say it is 'rat trading'.

The Eliza case of capitalization of the coin marks the beginning of the storm, and the internal chaos caused by the race.

ai16z founder Shaw expressed in the community on 11/9 that he warmly welcomes developers to tokenize the AI character Eliza on their own. Then on 11/16, a group of anonymous developers launched a Token called ai16zeliza (eliza) through the platform vvaifu.fun. It quickly gained market follow shortly after its launch, and the Market Cap reached 50 million USD within a few days.

ai16z first version Token ai16zeliza (eliza), as the lowercase version

But founder Shaw did not officially support this Token, but announced on 11/19 that he would cooperate with another development team to launch the new Eliza Token ELIZA. This move caught the original eliza Token holders off guard, and the two Tokens instantly ignited a war. The community criticized founder Shaw for lack of clear communication and improper handling.

Founder Shaw supported the Token ELIZA (in uppercase version) New Token launched, the old Token fell sharply, triggering questions about 'insider trading'

With the launch of the new Token Eliza supported by founder Shaw, the price of the first Token eliza has fallen significantly, from a high of $0.0915 to a rapid fall of $0.032, a fall of over 65%.

There were also controversies within the community, accusing ai16z developer Logan of buying a large amount of the first Token and quickly dumping it before the new Token was launched, causing investors to question internal transactions and interests. In response, Logan explained that he was not aware at the time whether the first Token was an official Token and sold it out of risk control considerations. He said, 'I didn't have any malicious intent. As a developer and trader, I didn't fully consider what might happen later.'

Founder Shaw admits mistake, stating that coordination error led to confusion

Shaw admitted that this turmoil is due to internal communication and coordination errors. He also mentioned that the delay in cooperating with the development team for the ICO caused the first token ai16zeliza (eliza) to have a problem of being preempted, and the subsequent failure to clarify the facts to the public led to today's chaotic situation.

Shaw said in the live broadcast that this is a major setback for his personal ideal. He originally hoped Eliza could become a truly free AI character, but this incident has cast a shadow over Eliza. Shaw further stated that he will continue to seek ways to remedy the situation and hopes to regain the trust of the community.

Will seek remedies, airdrop consensus becomes key to the community

To compensate the affected holders of the first token eliza, Shaw announced that 10% of the new token ELIZA supply will be distributed to the original token eliza holders through an airdrop, and gradually implemented through the Liquidity plan.

In addition, he emphasized that both ELIZA and eliza, the old and new generation coins, belong to the ai16z community project. The future development will depend on community support, and ai16z will no longer intervene. Although Shaw and Logan have publicly apologized and explained the reasons, the community's doubts about internal transactions have not been quelled. Shaw stated that he will focus on "improving transparency" in the future and ensure that all projects better serve the interests of the community.

The community doesn't buy it, clearly it's rat trading.

Although the founder Shaw has come forward to explain and promised to compensate the community, some users are still skeptical. Many community users said that Shaw promised everyone could create their own token, but when they saw that the first generation token eliza had a big pump in price, they were envious, and then announced that they would launch another token ELIZA. Finally, they said that all of these tokens are 'in-house ai16z projects', a series of behaviors that left the community confused.

Some users on Twitter have also stated that ai16z is obviously engaged in rat trading and have investigated that the ai16z team itself has been buying large quantities of ELIZA in batches from different Wallets after its launch, and then Pumpingdump. The following is the Wallet Address:

Even found that the ai16z community gave out 700 airdrops to more than 10,000 people who hold the new Token ELIZA. I don't know if this behavior really matches what Shaw said, 'will seek ways to remedy and regain community trust,' we will not let it go.

Community users on Twitter criticize ai16z for establishing Tokenrat trading.

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