- Bubble maps flagged early coordinated purchases of Ava AI as suspicious activity.
- 23 wallets, allegedly linked to Ava’s deployer, bought 40% of the tokens at launch.
- AVA’s price has fallen 96% from its all-time high in January 2025.
The Ava AI (AVA) token, an AI-focused project on Solana, 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 group of wallets connected to the project’s deployer.
These findings point to possible internal coordination during the token launch, raising questions about the fairness and decentralization of its initial distribution.
Coordinated purchases at launch
According to Bubblemaps, 23 wallets—including the deployer—received fresh funding immediately before AVA debuted on the memecoin launchpad Pump.fun.
Those wallets were funded through Bitget and Binance in tightly timed transactions, each receiving similar amounts of Solana (SOL), and showed little to no prior activity on-chain before purchasing AVA.
Bubble maps described the pattern as a textbook example of “sniping,” in which automated bots buy tokens immediately after public launch to gain a price advantage over ordinary investors.
Further analysis revealed links between these wallets and other accounts that also bought AVA early.
The similarity in funding sources, timing, and purchase sizes strongly suggests coordinated behavior across multiple clusters of wallets.
Bubblemaps highlighted that much of this activity went unnoticed at the time, emphasizing the need for continuous monitoring of early token distributions to detect suspicious behavior.
Implications for investors
The revelation of early wallet coordination has sparked debate among investors and analysts.
Some observers argue that speculative buying and FOMO are inherent to new crypto trends, while others stress the importance of making analytic tools more accessible so retail investors can spot suspicious activity sooner.
The concentration of nearly 40% of AVA’s supply in a small number of wallets carries meaningful risks for retail holders.
Large token holdings controlled by few entities can increase the chance of price manipulation or a “rug pull” scenario, where insiders dump their positions and cause the token’s value to collapse.
AVA’s price performance appears to reflect those risks. After reaching an all-time high of $0.3318 on January 15, 2025, the token has declined roughly 96% from that peak and is currently trading near $0.01062, with a market capitalization of about $10.6 million.
Its 24-hour trading range is roughly $0.01043 to $0.01143, while the seven-day range sits between $0.008029 and $0.01371.
Despite the sharp decline from its peak, the circulating supply remains nearly equal to the total supply—about 999 million AVA of a 1 billion maximum—meaning most tokens are already in circulation.
Bubblemaps says it will continue to monitor early token movements and share findings with the community, part of an ongoing effort to increase transparency around new token launches.