Cointelegraph••1 min read
Solana AI Token Ava Plunges After Launch Sniping Incident: Bubblemaps Report
The Solana-based AI token Ava experienced a significant price drop following a launch incident. According to Bubblemaps, 23 wallets connected to the token's deployer allegedly sniped 40% of the AVA supply upon launch. Subsequently, the token's value plummeted, falling 96% from its peak. The incident highlights risks associated with token launches and the potential for deployer-related exploits within the Solana ecosystem.
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