Key Points
- Insiders bought significant amounts of ELIZA, dumping them for high returns.
- On-chain data reveals in-depth details on eliza and the new token ELIZA transactions.
AI16z partner known on X as Shaw shared a post earlier, saying that the team freed eliza and they deployed a new token called ELIZA. Lots of insiders bought significant amounts of the new token ELIZA and dumped them for impressive returns.
Lookonchain dives into the matter, highlighting the significant transactions.
eliza/ELIZA Transfers – On-Chain Analysis
Lookonchain noted that a wallet ending in “…4ZcW” deployed ELIZA token at 06:01:41 (UTC). Someone created 10 wallets and used them to buy 69.05 ELIZA worth $5.2 million at the time of the post on X, using 2.07 SOL (worth $503) at the same second the token was deployed.
The 69.05 million ELIZA tokens were transferred to new wallets and haven’t been sold yet.
A wallet that’s suspected by the community to be Logan’s (another partner of AI16z) and ends in “…W2Yg”, sold a large amount of eliza before the new token ELIZA was deployed. The wallet spent only 24.2 SOL (worth around $5,900) to buy 233.12 million ELIZA tokens worth over $17 million. He became the largest holder of ELIZA.
Also, Logan’s wallet is reportedly associated with the ELIZA deployer wallet ending in “…4ZcW”
Before Shaw announced ELIZA token in Discord, lots of addresses bought the coin, most likely insider addresses.
These wallets are dumping tokens in large quantities to retail investors, Lookonchain notes.
For instance, an insider wallet ending in “…vNw” spent 7.84 SOL worth $1,900, to buy 89.19 million ELIZA tokens and sold 53.47M tokens for 7,865 SOL worth $1.91 million, leaving 35.72 million ELIZA tokens worth $2.75 million.
This insider made $4.66 million in just a few hours, seeing a 2,446x return.
AI16z and Eliza Framework
AI16z is a crypto project connected to AI and VC funding. This is linked to a venture capital firm run by AI agents, designed to invest in AI-crypto projects.
One of its major initiatives involves the Eliza framework – a tool for building AI characters integrated with platforms such as Discord and X, typically used in developing crypto AI agents.
The project uses decentralized AI managed by a DAO to make decisions and provide funding. AI16z is one of the first AI-managed crypto ventures focused on AI-agent development and crypto investments.
Earlier, Shaw, AI16z’s partner, shared a message from Logan via his X account. The message highlighted the support for the Eliza community, and revealed the plan to free her and separate her from the AI16z brand.
Also, the message said that the new token will be airdropped to holders. Logan also said in the message that they only want what is fair and for people who actually believe in the idea of making Eliza a real person.
Shaw noted that he’s sad and hurt by the latest events, highlighting that he didn’t sell anything or give anyone any other info than what was necessary to make the pre-planned launch happen.
