Solana AI Token Experiences 96% Decline Following 40% Supply Acquisition by Insiders

The Solana-based AI token Ava, identified by its ticker AVA, has experienced a decline of over 96% from its peak following new on-chain analysis that raised concerns regarding the distribution of the token’s supply at launch and the possibility of insider coordination for early purchases.

The recent insights originate from the blockchain analytics company Bubblemaps, which released an analysis on X indicating that approximately 40% of AVA’s total supply was acquired at launch by a group of wallets associated with the token’s deployer.

Remember $AVA?
40% bundled at launch, linked to the deployer
Your AI girlfriend took all your money pic.twitter.com/31uMnlglfi

— Bubblemaps (@bubblemaps) December 18, 2025

Wallet Clustering Indicates AVA Token Sniping at Launch

Bubblemaps reported that the wallets were funded shortly before the launch, exhibited no previous on-chain activity, and purchased significant quantities of AVA immediately after the token became available.

AVA was launched on November 13, 2024, on Pump.fun, a Solana-based memecoin launch platform that advocates for fair and decentralized token launches.

The project garnered early interest as one of the initial 3D AI agent tokens, supported by Holoworld AI, a company within the Polychain Capital portfolio.

By January 2025, AVA had achieved a fully diluted valuation of approximately $300 million, fueled by a surge in interest in AI-themed cryptocurrency projects.

Bubblemaps stated that its analysis identified 23 wallets, including the deployer, that were funded within narrow timeframes through centralized exchanges like Binance and Bitget.

Source: Bubblemaps

The wallets received similar amounts of SOL and subsequently employed automated trading strategies to acquire AVA at launch.

The firm noted that additional wallets linked to this initial cluster followed comparable funding and timing patterns, suggesting a strong likelihood of coordination rather than independent actions.

In cryptocurrency markets, this practice is commonly referred to as sniping, where bots are utilized to purchase new tokens the instant they become tradable, often securing substantial allocations before retail investors can respond.

While sniping itself is not illegal, a significant concentration of supply among early wallets can heighten the risk of sharp sell-offs if those holders choose to exit.

The firm indicated that the analysis reveals that despite AVA’s public portrayal as a community-driven launch, a single coordinated entity ultimately controlled a substantial portion of the supply.

AVA’s Market Reality Becomes Apparent as Token Loses 96% From All-Time High

More than a year post-launch, the effects are evident in the token’s market performance.

AVA has fallen over 79% from its launch price and more than 96% from its all-time high of approximately $0.33, reached on January 15, 2025, according to CoinGecko data.

Source: CoinGecko

The token now trades around $0.01, erasing most of its initial gains.

This decline has occurred despite ongoing development by the team behind Holoworld AI. The project characterizes Ava as the first AI agent virtual image token, intended to power audiovisual AI agents capable of interaction and emotional expression.

Holoworld asserts that it has developed over 10,000 3D virtual characters, partnered with more than 25 IP and NFT brands, and attracted over 1 million users.

Nonetheless, these advancements have not mitigated the significant drop in AVA’s market value. AVA has a fixed total supply of 1 billion tokens, with 50 million released at launch as part of a 5% public sale.

The broader token distribution encompasses long-term allocations for community incentives, the team, private investors, liquidity, and ecosystem development, many of which are subject to vesting schedules.

This situation adds to a growing list of instances where Bubblemaps has highlighted concentrated token ownership shortly after launch.

In recent months, the firm has released similar analyses involving PEPE, the $WET presale on Solana, MYX Finance’s airdrop, and other notable tokens, frequently pointing to coordinated wallet behavior and significant early sell pressure.

While not all cases resulted in enforcement actions or project failures, they have heightened scrutiny regarding fair-launch claims and insider transparency.

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