The AI16Z token surged 55% in 24 hours to reach a $480 million market cap after a tweet from a16z CTO Eddy Lazzarin. The tweet, mentioning DMs with the DAO's crew, sparked discussions about potential collaborations, leading to a significant increase in the token's value. AI16Z, an AI-driven DAO led by Eliza, aims to revolutionize investments by blending AI and blockchain technology. However, the launch of a new token called $ELIZA led to a dramatic drop in the older $eliza token's value, from $52 million to $5 million in a short period. The new $ELIZA token quickly surged to a $92 million market cap. The market reacted strongly to the endorsement of the new token by a16z's Shaw, causing significant volatility in both tokens. Holders of the old Eliza token are expected to receive some type of airdrop from the new Eliza token. The launch also faced backlash and scams, adding to the turmoil.