40% AVA AI Coin Genesis Supply 'sniped', Claims Bubblemaps
Bubblemaps, a blockchain analytics firm, identified a cluster of 23 wallets connected to the deployer of Solana-based Ava AI (AVA) token that accumulated about 40% of the token supply at launch. These wallets exhibited similar funding patterns, including receiving funds in a short time frame from Bitget and Binance and displaying no prior blockchain activity before acquiring AVA. Such activity indicates coordinated insider behavior, sometimes involving trading bots to rapidly purchase newly launched tokens at low prices. Despite AVA launching on Pump.fun with aims of community decentralization, the substantial concentration of tokens contradicts this goal and may indicate risks such as rug pulls. Bubblemaps uncovered this pattern using its analytics tool, Time Travel, launched in May. Since its November 2024 launch, AVA reached a fully diluted valuation of $300 million by January 2025 but has since dropped over 96% from its all-time high. Ava is the first AI agent from Holoworld AI, a platform with over a million users that lets people build and deploy AI applications.
