Solana AI token Ava hit by launch sniping tied to deployer: Bubblemaps

Recently, the Solana AI token AVA experienced a surprising situation at launch. According to Bubblemaps, 23 wallets linked to the AVA deployer sniped 40% of the token supply, resulting in a staggering 96% drop from its peak. This rapid decline is thought to be influenced by market volatility and a lack of transparency. Sniping by wallets seeking gains during the new token issuance is a phenomenon often seen with emerging tokens. In this case, investor confidence has been undermined, making it difficult to ascertain a reasonable valuation for the token. Participants in the market should keep a close eye on future developments and base their trading decisions accordingly. Generally, price stability and liquidity are essential in gauging a token's health. To assess AVA's future price movements, it is crucial to monitor past data and changes in policies while ensuring the integrity of information. Caution is advised until reliable factors are in place.