CoinVoice has learned that, according to Bubblemaps, the AI proxy token AVA had suspected insider trading at the time of release, with 40% of the tokens being sniped by 23 associated wallets of the deployer.
The token was released in November 2024, supported by Holoworld AI. The investigation found that before the release of AVA, 23 wallets, including the deployer, received new funds from Bitget and Binance. These wallets have similar characteristics: they received funds within a tight timeframe, received similar amounts of SOL tokens, had no prior activity records, and sniped to purchase AVA tokens at the time of release.
In addition, other wallets related to these sniper wallets also purchased AVA early on, and the similar sources of funds, scale, and timing strongly suggest coordinated behavior among these wallet clusters. [Original link]
