Rook

The ROOK project represents a effectively defunct or 'zombie' cryptocurrency following the complete dissolution of its governance and operational structure in April 2023. Analysis confirms that the active development team, Rook Labs, separated from the DAO and retained all intellectual property, explicitly severing the ROOK token from the underlying protocol and any future roadmap. The DAO voted to liquidate its treasury through a 'rage quit' mechanism (KIP-44), a window which has since closed, leaving the remaining tokens with no asset backing, governance power, or utility within the MEV ecosystem. Community support has collapsed with abandoned social channels and negligible trading volume. While the project historically utilized reputable audits, the ultimate failure was a governance takeover that resulted in the project's self-liquidation. With no use case, no team, and no liquidity, the token holds extremely high risk and no discernible value proposition.