Eliza Labs founder says he held $25 million ElizaOS stake to $40,000
The founder said buyers knew ElizaOS was a memecoin and that he sold only after the holding fell to $40,000 to pay taxes.
Summary
Eliza Labs founder @shawmakesmagic said ElizaOS was presented as a memecoin (token driven largely by online culture) from the start, writing, "They all knew it was a memecoin. We said it." He also said he held $25 million worth of ElizaOS tokens until the position fell to $40,000 before selling to pay his taxes.
Terms & Concepts
- memecoin: Token driven largely by online culture
- token: A digital asset issued on a blockchain