- Bubblemaps flagged coordinated early purchases of the AI token Ava as suspicious activity.
- 23 wallets reportedly tied to the token’s deployer bought roughly 40% of the supply at launch.
- AVA’s price has fallen about 96% from its January 2025 all-time high.
The Solana-based AI token Ava AI (AVA) has come under scrutiny after blockchain analytics firm Bubblemaps reported that nearly half of the token’s initial supply may have been acquired by a small cluster of wallets connected to the project deployer.
The findings point to possible insider coordination at launch and raise questions about the fairness and decentralization of AVA’s initial distribution.
Coordinated purchases at launch
According to Bubblemaps, 23 wallets, including the deployer, received funding shortly before AVA debuted on the meme-coin launchpad Pump.fun.
Those wallets were funded through Bitget and Binance within narrow time windows, received similar amounts of Solana (SOL), and showed no prior on-chain activity before buying AVA.
Bubblemaps characterized the pattern as a classic example of “sniping,” where trading bots buy tokens immediately after public release to secure a price advantage over ordinary investors.
Further analysis linked those wallets to other accounts that had also purchased AVA previously.
Similar funding sources, timing, and purchase amounts strongly suggest coordination among multiple wallet clusters.
Bubblemaps emphasized that a large portion of this activity initially went unnoticed, underscoring the need for ongoing monitoring of early token distributions to detect suspicious behavior.
Implications for investors
News of early wallet coordination sparked debate among investors and analysts.
Some observers argue that speculative buying and FOMO are inherent to new crypto trends, while others stress the need for more accessible analytical tools to help investors spot suspicious patterns.
The concentration of nearly 40% of AVA’s supply in a small number of wallets has important implications for retail holders.
A large allocation held by a few entities increases the risk of price manipulation or rug-pull scenarios, where insiders sell into the market and trigger steep declines in token value.
AVA’s price history appears to reflect those risks. After reaching an all-time high of $0.3318 on January 15, 2025, the token has dropped roughly 96% from that peak and is currently trading near $0.01062, with a market capitalization around $10.6 million.
The 24-hour trading range sits roughly between $0.01043 and $0.01143, while the seven-day range has varied from about $0.008029 to $0.01371.
Despite the collapse from its peak, AVA’s circulating supply remains nearly equal to its total supply, at approximately 999 million AVA, with a maximum supply capped at 1 billion.
Bubblemaps said it will continue monitoring early token movements and providing analytics to the community, reflecting ongoing efforts to improve transparency around new token launches.