Blockchain forensic firm Bubblemaps has uncovered a massive coordinated effort during the launch of the Solana-based AI token Ava (AVA). According to their findings, a cluster of 23 wallets—directly linked to the token’s deployer—managed to “snipe” and consolidate approximately 40% of the total supply at the very start of trading.
The Anatomy of a Coordinated Launch
Bubblemaps identified a “sybil cluster” of wallets that exhibited highly suspicious and synchronized behavior:
- Identical Funding Sources: All 23 wallets were funded via Bitget and Binance within an extremely narrow time window.
- Coordinated Logistics: The wallets received similar amounts of SOL and showed zero prior on-chain activity before the launch.
- Instant Acquisition: They used automated bots (snipers) to buy up the supply immediately upon release, effectively locking out the general public from obtaining tokens at low prices.
Although the token launched on Pump.fun—a platform designed to promote fair, decentralized debuts—the data suggests that a single entity effectively gained control over nearly half the market from day one.
A Massive 96% Collapse
This high concentration of supply often serves as a red flag for investors, as it allows insiders to manipulate the market or stage massive sell-offs (often referred to as “rug pulls”).
The financial impact has been severe:
- Peak Valuation: In January 2025, AVA reached a fully diluted valuation of $300 million.
- Price Crash: After hitting an all-time high of $0.33 on January 15, 2025, the token’s value plummeted.
- Current Status: As of late 2025, the token is trading over 96% below its peak, leaving many retail investors with significant losses.
About the Project: Holoworld AI
Ava was introduced as the flagship AI agent (or “HOLO AI intern”) for Holoworld AI, a decentralized launchpad where users can create and monetize agentic AI applications. Despite Holoworld’s claims of having over 1 million users and 700,000 AI creations, the AVA token’s launch transparency has become a major point of contention within the Solana ecosystem.
The discovery was made possible through Bubblemaps’ “Time Travel” feature, which allows researchers to reconstruct the historical distribution of tokens to expose insider manipulation that often remains hidden for months.
