Eliza vs. eliza: a tale of two tokens and their future
1. a16z’s support for eliza (up 4000% last week):
despite being announced last sunday and only 3 days old, eliza surged to a market cap of $120 million, alongside strong community support.
eliza (a long-established meme coin) had a much smaller market cap of $13 million last week.
2. did you know?
shaw, a founder of ai16z who is one of the developers of eliza, claimed to have lost $30 million in a rug pull of eliza.
shaw’s team tried to improve eliza’s profitability, boosting its market cap to $6 million, but they didn’t fully appreciate the tokenomics and token mechanics.
on thursday, eliza fell by 75% in just 15 minutes and hit a new all-time low of $1.2 million on friday morning.
the team’s determination to identify the concerns driving investors away from eliza ultimately resulted in a clear demarcation with eliza.
3. the rest
eliza has lost its founders, as its exit liquidity left, along with the funds intended to support the project.
shaw has found the exit liquidity and is working on continuing the project from the ground up.
time will tell which team will be successful in creating a real ai character and ecosystem.
eliza is still going strong, aiming for the top 20 tokens on solana.
4. summary
a16z-backed eliza gained 4000% in 7 days, revealing a lack of fundamentals supporting high valuation.
eliza, on the other hand, is supported by a community that knows what an ai character really is.
eliza is more appealing to the community given its 80%+ pullback % and strong community support via telegram and wechat.
5. what do you think?
as the ai competition heats up, will eliza and eliza both have a fair chance in the meme market?
or will only one survive in the end?
will any other ai projects that pop out of nowhere break into the spotlight?
please share your thoughts!