Bubblemaps: Solana Ava AI token launch sniped; 40% tied to deployer
Blockchain analytics firm Bubblemaps reported that a cluster of 23 wallets linked to the deployer of the Solana-based AI token Ava accumulated roughly 40% of the token’s supply at launch, indicating potential insider coordination around the listing.
According to Bubblemaps, the wallets in the sybil cluster exhibited common traits, including being funded within a narrow time frame via Bitget and Binance, receiving comparable amounts of Solana (SOL), and showing no prior on-chain activity before purchasing Ava AI (AVA) at launch. The firm outlined its findings in a Thursday post on X, adding that other connected wallets also bought AVA early with similar funding sources, sizes, and timing, suggesting coordinated behavior across clusters.
In crypto markets, “sniping” refers to the use of trading bots to automatically acquire newly listed tokens as soon as they become available, aiming to purchase at lower prices ahead of most market participants.
Although AVA launched on memecoin platform Pump.fun with the stated intent of a decentralized, community-driven rollout, the wallet activity identified by Bubblemaps suggests acquisitions that led to a single entity effectively controlling 40% of the supply.
Source: Bubblemaps
Significant token concentrations among a small number of wallets can help investors identify risks such as rug pulls, where insiders withdraw liquidity or execute large-scale sales, causing sharp price declines.
Bubblemaps said the coordinated activity was detected using its Time Travel feature, a forensic analytics tool introduced in May that reconstructs historical token distributions to surface early insider accumulation.
AVA AI token declines 96% from record high
The coordinated buying pattern was disclosed more than a year after AVA’s launch on Nov. 13, 2024. By January 2025, the token reached a fully diluted valuation (FDV) of $300 million, positioning it as a widely used autonomous AI agent utility token on Solana.
CoinGecko data indicates AVA has fallen over 79% since launch and more than 96% from its all-time high of $0.33 reached on Jan. 15, 2025.
Source: Bubblemaps
Ava, described as “the HOLO AI intern,” is the first AI agent introduced on the decentralized AI launchpad Holoworld AI, a platform that enables users to create, engage with, or fund agentic AI applications.
Holoworld says it has more than 1 million users and 700,000 AI creations to date.
Holoworld has been contacted for comment regarding the wallet activity observed during the token’s launch.
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