Key Points
- Insiders purchased vital quantities of ELIZA, dumping them for prime returns.
- On-chain information reveals in-depth particulars on eliza and the brand new token ELIZA transactions.
AI16z accomplice identified on X as Shaw shared a put up earlier, saying that the staff freed eliza they usually deployed a brand new token known as ELIZA. Lots of insiders purchased vital quantities of the brand new token ELIZA and dumped them for spectacular returns.
Lookonchain dives into the matter, highlighting the numerous transactions.
eliza/ELIZA Transfers – On-Chain Analysis
Lookonchain famous {that a} pockets ending in “…4ZcW” deployed ELIZA token at 06:01:41 (UTC). Someone created 10 wallets and used them to purchase 69.05 ELIZA value $5.2 million on the time of the put up on X, utilizing 2.07 SOL (value $503) on the identical second the token was deployed.
The 69.05 million ELIZA tokens had been transferred to new wallets and haven’t been bought but.
A pockets that’s suspected by the group to be Logan’s (one other accomplice of AI16z) and ends in “…W2Yg”, bought a considerable amount of eliza earlier than the brand new token ELIZA was deployed. The pockets spent solely 24.2 SOL (value round $5,900) to purchase 233.12 million ELIZA tokens value over $17 million. He turned the biggest holder of ELIZA.
Also, Logan’s pockets is reportedly related to the ELIZA deployer pockets ending in “…4ZcW”
Before Shaw introduced ELIZA token in Discord, numerous addresses purchased the coin, almost definitely insider addresses.
These wallets are dumping tokens in giant portions to retail buyers, Lookonchain notes.
For occasion, an insider pockets ending in “…vNw” spent 7.84 SOL value $1,900, to purchase 89.19 million ELIZA tokens and bought 53.47M tokens for 7,865 SOL value $1.91 million, leaving 35.72 million ELIZA tokens value $2.75 million.
This insider made $4.66 million in just some hours, seeing a 2,446x return.
AI16z and Eliza Framework
AI16z is a crypto challenge linked to AI and VC funding. This is linked to a enterprise capital agency run by AI brokers, designed to put money into AI-crypto tasks.
One of its main initiatives entails the Eliza framework – a instrument for constructing AI characters built-in with platforms resembling Discord and X, sometimes utilized in growing crypto AI brokers.
The challenge makes use of decentralized AI managed by a DAO to make selections and supply funding. AI16z is likely one of the first AI-managed crypto ventures targeted on AI-agent growth and crypto investments.
Earlier, Shaw, AI16z’s accomplice, shared a message from Logan by way of his X account. The message highlighted the help for the Eliza group, and revealed the plan to free her and separate her from the AI16z model.
Also, the message stated that the brand new token will probably be airdropped to holders. Logan additionally stated within the message that they solely need what’s honest and for individuals who truly imagine within the concept of constructing Eliza an actual particular person.
Shaw noted that he’s unhappy and damage by the newest occasions, highlighting that he didn’t promote something or give anybody another data than what was essential to make the pre-planned launch occur.
