According to Lookonchain, there has been significant insider trading activity involving the $ELIZA token. AI16z partner Shawn, known on Twitter as @shawmakesmagic, announced the release of a new token called $ELIZA. Following this announcement, many insiders reportedly purchased large quantities of $ELIZA and subsequently sold them, leading to a notable market impact.

According to Ai 姨, the $ELIZA token, recently launched by ai16z founder Shaw, is said to represent a real person and is not affiliated with ai16z. Shaw announced that 10% of the tokens will be distributed to holders of eliza on a snapshot platform. The rapid rise of ELIZA has significantly drained $ai16z, causing its value to drop by 42% since the new token's launch, leaving its current market capitalization at $289 million.

According to Ai 姨, the new token $ELIZA, issued by ai16z founder Shaw, has significantly affected the market performance of $ai16z. Shaw clarified that ELIZA represents a real person and is not part of ai16z. Additionally, 10% of the tokens will be allocated to ELIZA holders on a specified platform based on a snapshot. The rapid rise of ELIZA has caused a substantial capital outflow from $ai16z, leading to a 42% decline in its value since the new token's launch. Currently, $ai16z has a market capitalization of $289 million.

According to @ai_9684xtpa, the memecoin $ELIZA achieved a rapid market cap surge to $80 million within one hour, highlighting the extreme volatility in the memecoin space. A trader identified as 'smart money' or an insider, with wallet address 36hpY...j5Y4v, initially invested $228 and has reportedly profited $1.12 million, reflecting a staggering return rate of 493,377%. This trader acquired 16.45 million tokens at an initial price of $0.0000139 during the presale phase and has since sold 97% of their holdings at the current price of $0.06544.