- Bubblemaps flagged coordinated early Ava AI purchases as suspicious activity.
- 23 wallets, reportedly linked to the Ava AI deployer, bought 40% of tokens at launch.
- AVA’s price has dropped 96% from its all-time high in January 2025.
The Solana-based AI token Ava AI (AVA) is under scrutiny after blockchain analytics firm Bubblemaps revealed that nearly half of the token’s initial supply may have been acquired by a small cluster of wallets tied to the project’s deployer.
The findings point to potential insider coordination during the token launch, raising concerns about the fairness and decentralization of the initial distribution.
Coordinated buys at launch
According to Bubblemaps, 23 wallets—including the deployer—were funded just before AVA debuted on the memecoin launch platform Pump.fun.
These wallets received similar amounts of Solana (SOL) from Bitget and Binance within tight time windows and showed no prior on‑chain activity before acquiring AVA.
Bubblemaps described the pattern as a classic example of “sniping,” where trading bots purchase tokens immediately upon release to gain a price advantage over ordinary investors.
Further analysis identified links between these wallets and additional accounts that also bought AVA early.
Similarities in funding sources, timing and purchase amounts strongly suggest coordination across multiple wallet clusters.
Bubblemaps noted that much of this activity went unnoticed at the time and emphasized the need for ongoing monitoring of early token distributions to detect suspicious behavior.
Implications for investors
The news of coordinated early buys has sparked debate among investors and analysts.
Some observers argue that speculative buying and FOMO are common in new crypto trends, while others stress the need for more accessible analytic tools to help investors spot questionable activity.
The concentration of nearly 40% of AVA’s supply in a small number of wallets carries important consequences for retail holders.
When a large share of supply is held by a few entities, the risk of price manipulation or a “rug pull” rises—insiders could sell large positions and trigger a sharp collapse in value.
AVA’s price action appears to reflect those risks. After reaching an all‑time high of $0.3318 on January 15, 2025, the token has fallen roughly 96% from that peak and currently trades near $0.01062, with a market capitalization around $10.6 million.
Its 24‑hour trading range is presently about $0.01043 to $0.01143, while the seven‑day range has fluctuated between $0.008029 and $0.01371.
Despite the steep decline from its peak, AVA’s circulating supply remains nearly identical to its total supply at roughly 999 million AVA, with a maximum supply capped at 1 billion.
Bubblemaps has pledged to continue monitoring early token movements and to share insights with the community, signaling an ongoing effort to increase transparency around new launches.