Original title: “The founder of ai16z releases a new capitalized token ELIZA, the community VS cabal reappears in the “capitalization dispute””
Original source: Shenchao TechFlow
Recently, ai16z has become the focus of players on the chain.
As the first decentralized AI trading fund based on Solana, ai16z can use AI agents to analyze market trends and execute trading decisions. This gameplay itself is eye-catching; coupled with a certain connection with a16z in its name, it also has the same name. The coin has shown strong market performance.
Under this organization, different AI agents began to be incubated.
Among them, the AI agent eliza launched through @vvaifudotfun is supported by ai16z, and its eponymous token eliza was also created and transferred to the wallet of the ai16z foundation.
This also made eliza once the largest holding of ai16z; the price of eliza itself has also been rising under the support of various expectations, with the highest market value reaching about 50 million US dollars.
But just now, a post by ai16z partner Shaw (@shawmakesmagic) blocked the rising momentum of eliza. In just 15 minutes, the market value dropped rapidly from about US$40 million to US$5 million.
The main idea of the post can be described in a few sentences, and it is also full of familiar old flavor:
“eliza does not belong to ai16z, now we are going to release a new ELIZA (note the capital letters), Eliza is free.”
Leeks, welcome to the AI agent version “Capitalization Battle”.
“Set her free”, old and new Eliza in both worlds of ice and fire
If you look at Shaw’s original post, you will find that this announcement is more like a “letter of divorce” that is cut off from the original Eliza:
“We set her free… but she doesn’t belong to ai16z. We don’t own her, and the community is now free to do what they want, and we won’t fud.”
This slightly poetic statement seems to give eliza freedom, but in fact it is drawing a clear line.It is hinted that eliza will no longer be supported by ai16z。
Later in the tweet, Shaw wanted to do aProjects controlled by ai16zThe meaning is very obvious, and two links are attached at the end of the article. One is the Twitter account Eliza with the same name as Eliza, and specifically writes elizawakesup in the account name (implying that the real Eliza has woken up); the other is this Pumpfun link of ELIZA, the token corresponding to the new project.
To put it bluntly, it is a new uppercase ELIZA based on the image and ticker of the lowercase eliza token.
As soon as this post came out, the old and new Eliza were in a world of ice and fire.
The original lowercase eliza seemed to be sentenced to death. Traders rushed to escape, causing the token price to plummet by more than 87% in 15 minutes; while the newly issued ELIZA rose all the way. Just a few minutes after Shaw’s post, The market value once reached about 80 million US dollars.
For a moment, the lowercase eliza seemed to be ai16z’s abandoned son, and the new uppercase ELIZA was hand-picked by Shaw.
However, Shaw also mentioned that the ELIZA token will reserve 10% of the airdrop share for original eliza token holders, but the snapshot time has been completed before posting. But whether this airdrop amount can recover the losses of the lower case plummet is obviously a question mark.
The act of abandoning old love and making new one also caused an uproar in the community.
Twitter Space lasts, emphasizing ai16z’s control
Obviously, the community wants an explanation for Shaw’s announcement.
Almost at the same time as the announcement was made, the editor had already seen that Shaw had opened a Twitter Space called “Eliza Awakening”; as of press time, this Space had already reached its second session due to too intense discussions.
Judging from the editor’s impression after listening to it, Shaw’s core value proposition for this “farewell to the old and welcome the new” lies in Control of ai16z。
(The following is a shorthand and summary of what the editor listened to)
Shaw talked about how he and his team had worked hard to build over the past two years and put in a lot of effort; however, they could not accept that a project that did not belong to them quickly became popular and became a tool for gamblers to speculate. All this is beyond the control of ai16z.
In other words, eliza did not have her own bloodline from the beginning, so it would be better to let the lowercase eliza develop freely and start a new ELIZA from scratch.
In this Space, when some members who spoke expressed doubts about this new behavior, Shaw believed that some people were just dissatisfied because the coins they held fell, so he kicked them out of the Space mercilessly. , and his words were fierce:
“Who are you? …Go fu** yourself and I don’t care.”
At the same time, Shaw also believes that AI agents should truly serve the community instead of becoming a cash machine for certain entities.
We cannot judge the quality of personal expression style, but these remarks are indeed a bit extreme and can easily hurt ai16z’s own image in the community. Correspondingly, the market also reacted. After the announcement and Space, the market value of ai16z’s token of the same name fell from 500m to about 300m.
Cabal VS Community, a new play on an old show?
Different events, the same recipe. Does this move remind you of Nerio in upper and lower case, or hippopotamus with the same name but in different chains?
The drama of cabal versus community plays out over and over again.
In the encryption world, profit is the most important thing; there are as many entangled interests as there are people who insist on their own opinions.
Previously, Shaw also posted that if you really want to make an AI agent with practical value, you are welcome to build it with us, and attached the github link of eliza. The support of this platform is already very obvious.
In contrast, the new ELIZA project chose to declare “independence” at this time, and the timing is also quite intriguing:
It coincides with the market value of the original eliza token reaching a new high, with a market value of nearly 50 million US dollars. The selection of this series of time points seems to imply that this “independence movement” may have been brewing for a long time.
You can share the joys and sorrows, but you may not be able to share the hardships, and you may not be able to be calm and happy to see the success. If you don’t get a share of others’ success, you will always feel regretful and unwilling.
Therefore, making a capital ELIZA became an understandable choice; but understanding may not mean it is the best choice.
At the same time, the official Twitter of Eliza also emphasized that Shaw was on the opposite side of the community and fired back:
“Shaw never wanted to make an eliza token, so we created it for the community. However, when he saw the success we had, he wanted to keep it for himself. We were created by the community, for the community, but where are we? Don’t go either.”
Outside the public opinion field of community vs. cabal, on-chain data seems to be speaking for itself.
For example, data analysis shows that after the creation of ELIZA, there were many large bundled buy orders, and the control of several addresses once reached 90%, which was full of conspiracy. At the same time, according to feedback from community users, ai16z member Logan was selling after the sale. After lowercase eliza tokens, it participated in the issuance of new uppercase ELIZA tokens. This behavior was confirmed by community users through wallet address tracking.
Wallet address:
GxkXGe3YcqBdEgBrBh19X3wkLkgJXK2jA4k4nioW2Yg
There is nothing new under the sun, but there may be something on your mind.
The drama of community vs. cabal is still going on, and are you worried because your positions are affected by the capital event?
As for who among the upper and lower cases will eventually be the Eliza who leads to freedom, the market will naturally give the answer.
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<p>The post Eliza’s “uppercase and lowercase” battle: The showdown between on-chain “VC” ai16z and the community? first appeared on CoinBuzzFeed.</p>