ELIZAOS was declared dead on August 4 after a class-action lawsuit settlement drained the foundation's treasury to zero, ending any prospect of buybacks, supply reduction programs or ongoing support. Founder Shaw Walters said he sold his entire holding for about $40,000 to cover tax obligations on tokens once valued at $25 million, and confirmed he now holds no ELIZAOS and does not plan a replacement token. The token traded around $0.00025, down about 99% from earlier valuations, with market capitalization below $3 million. Walters said the open-source ElizaOS AI agent framework will continue under his ownership, but with no remaining financial link between the software's development and ELIZAOS holders.