The Solana AI Token Ava has a 96% crash after insider supply

At the start of the wallet collection points to AVA Token sneeze

According to Bubblemaps, the wallets were funded shortly before launch, showed no on-chain activity, and bought large amounts of AVA as soon as the token was available.

AVA November 13, 2024 Launched on Pamp.fun, a Solana-based memecoin launch platform promoting fair and decentralized token launches.

The project gained early attention as one of the first 3D AI agent tokens, backed by Hollowworld AI, a Polychain Capital portfolio company.

In the year In January 2025, AVA reached a fully diluted value of nearly $300 million due to strong interest in AI-based crypto projects.

The Bubblemaps analysis identified 23 wallets, including the deployer, that were funded in short-term windows through centralized exchanges such as Binance and Bitget.

The wallets received the same amount of SOL and then used automated trading strategies to buy AVA at launch.

The firm said additional wallets linked to this initial cluster followed similar funding and timing patterns, strongly suggesting coordination rather than independent participation.

In crypto markets, this practice is commonly referred to as sniping, where bots are used to purchase new tokens the moment they are traded, often waiting for a large allocation before retail participants react.

While wheeling itself isn't illegal, the high supply inventory among former wallets can increase the risk of lost sales if those owners decide to pull out.

The organization's analysis shows that while AVA's public positioning is a community-driven initiative, one integrated entity controls a significant portion of the offering.

AVA's market share is at an all-time high of 96%

More than a year after its launch, the impact can be seen in the token's market performance.

According to CoinGecko data, Ava is down more than 79% from its inception and more than 96% from its all-time high of $0.33, reached on January 15, 2025.

The token now trades near $0.01, erasing most of its early gains.

This decline occurred despite the continued progress of the team behind Holoworld AI. The project describes Ava as the first virtual image token of an AI agent designed to empower audiovisual AI agents capable of interaction and expression.

Holoworld claims to have created more than 10,000 3D virtual characters, partnered with 25 IP and NFT brands, and attracted more than 1 million users.

Still, those developments haven't prevented a sharp drop in AVA's market value. AVA has a fixed total supply of 1 billion tokens, with 50 million released as part of the public sale at launch.

A broader token distribution includes long-term allocations for community incentives, the group, private investors, liquidity, and ecosystem development, many of which have established timelines.

Shortly after the show's opening, Bubble Maps will include details of cases where it has pointed to consolidated token ownership.

In recent months, the firm has published similar analyzes involving PEPE, $WET's pre-sale on Solana, MYX Financial Weather and other high-profile deals, often showing mixed wallet behavior and heavy early selling pressure.

While not all cases have resulted in enforcement actions or project failures, they have intensified scrutiny of fair-start claims and insider transparency.