After GOAT, AI16Z is considered to be a promising AI project, but yesterday the ai16z token plummeted. Recently, ai16z became popular due to the AI concept and support from the a16z founder, with a market cap reaching as high as 600 million dollars. However, on the afternoon of November 19, the price of ai16z suddenly fell, hitting a low of 0.1348 dollars, with its market cap shrinking to 270 million dollars, a nearly halved drop.

The reason for the drop is that ai16z partner shawmakesmagic had previously stated that the team was preparing a meme coin project called Eliza, but indicated that they were not ready to launch it and encouraged the community to organize on their own. The community subsequently launched a lowercase eliza token and airdropped it to ai16z users. This token gained community recognition, and within two days its market cap surpassed 50 million dollars.

However, AI16Z's official shawmakesmagic tweeted on November 19, stating that eliza was not a project of their team and that it had been "rushed out". At the same time, they announced the launch of the uppercase ELIZA token and promised to airdrop it to eliza holders. They claimed that the Eliza project should be initiated by the team to ensure it is not manipulated by individuals.

The loss of credibility led to a crash, but those who bought at the bottom also enjoyed a rebound. It seems that there is more optimism around the lowercase eliza because it is not controlled by ai16z, which embodies an emotional value against VC.

Whether ELIZA or eliza can continue to grow in the future will require further observation over time.

During the event yesterday, I was keeping an eye on its dynamics, and I managed to buy at the bottom, with lowercase eliza experiencing a fivefold increase, reaching #eliza #ai16z #GOAT .