TL;DR
- Bubblemaps detected that 23 wallets linked to the AVA developer captured nearly 40% of the token’s supply at launch through automated sniping.
- The addresses acted simultaneously, held similar amounts of SOL, and used Bitget and Binance as entry points. They also showed no prior activity, indicating direct coordination.
- AVA reached a fully diluted valuation of $300 million and a peak price of $0.33 in January 2025, but the initial concentration preceded a drop of over 96%.
The launch of the AVA artificial intelligence token on Solana was marked by a highly concentrated initial distribution. An on-chain analysis by Bubblemaps revealed that 23 wallets tied to its developer captured roughly 40% of the total supply at the exact moment of launch through automated sniping.
According to the firm, the wallets showed consistent operational patterns. All were funded within a very narrow time window, received similar amounts of SOL, used Bitget and Binance as entry points, and had no prior blockchain activity before purchasing the tokens. After the first acquisition round, other wallets with almost identical characteristics entered the market early. The consistency in timing, amounts, and funding sources strongly suggests direct coordination among the addresses.
The token launched on November 13, 2024, through Pump.fun, a platform designed for open launches without pre-allocations. However, the actual structure of the debut left a single entity, split across multiple wallets, with effective control of a significant portion of the supply from day one. This level of concentration distorts price formation and undermines any notion of equitable distribution.
AVA Dropped 96%
Bubblemaps reconstructed the sequence using its Time Travel tool, launched in May, which allows tracking the historical distribution of tokens from the genesis block. The analysis was published more than a year after the launch, when the asset’s cycle was already defined. In January 2025, AVA reached a fully diluted valuation of $300 million and a peak price of $0.33. From that point, the token experienced a decline exceeding 96%.
Early supply concentration plays a central role in such collapses. When large volumes are controlled by insiders, the market becomes exposed to coordinated selling, liquidity withdrawals, or sustained downward pressure. In AVA’s case, the data shows that the launch structure left this risk open from day one.
Ava was presented as a utility token linked to AI agents and as the first agent built on Holoworld AI. The platform claims over one million users and hundreds of thousands of creations. However, the token’s performance demonstrates that its technological foundation could not compensate for the uneven initial distribution
