Aleph Zero’s AZERO Token Hits Record Low Amid Co-Founder Exit and Internal Turmoil
Aleph Zero’s native token, AZERO, plunged to a historic low this week as internal upheaval and leadership resignations shook investor confidence in the once-promising blockchain project.
The token’s value dropped to $0.035, marking its lowest point to date. Although it has since rebounded slightly to $0.038, the broader trend reflects a staggering 73.7% decline over the past month — effectively erasing over $30 million in market capitalization. Trading volumes also fell by 13%, indicating a sharp decline in user engagement and investor interest.
Leadership Rift and Claims of Mismanagement
The steep decline followed the resignation of Adam Gągol, co-founder of the Aleph Zero Foundation (AZF). In a candid statement shared on social media, Gągol cited a breakdown in transparency, internal dysfunction, and unsustainable financial practices as the reasons behind his decision to leave.
“AZF’s consistent lack of transparency has critically damaged the project,” Gągol stated, also pointing to questionable management of the foundation’s treasury and token sales. He believes these issues have not only impeded the project's growth but also undermined the community’s trust.
As part of his departure, Gągol announced the launch of Common, a new initiative that aims to carry forward the original vision of Aleph Zero but under fresh leadership and with restructured governance. The project will introduce its own token, and an airdrop is planned for current AZERO holders — though individuals associated with the foundation will be excluded.
Allegations and Community Backlash
The resignation and subsequent announcement ignited controversy. Dr. Martin Hiesboeck, Head of Research at Uphold, alleged that mismanagement and greed were at the heart of AZERO’s collapse, naming Gągol and other key figures as being responsible for mishandling funds. Despite the accusations, Hiesboeck also noted that Aleph Zero’s underlying technology remains valuable and could attract acquisition interest.
Others in the crypto community echoed similar sentiments of disillusionment. One analyst, reflecting on his investment experience, described AZERO as one of his “biggest mistakes of the cycle,” adding that many low-cap tokens are better suited for short-term trades than long-term holds.
What’s Next for AZERO?
The future of Aleph Zero is uncertain. With fractured leadership, public scrutiny, and a battered token, the path forward will require more than a technological edge. Rebuilding trust, establishing new governance structures, and clarifying financial oversight will be critical if the project hopes to regain momentum.
For now, the AZERO token's dramatic decline serves as a reminder of how quickly sentiment can shift in the volatile world of blockchain — and how central leadership transparency remains to long-term viability.