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Solana AI Token AVA (AVA) has fallen over 96% from its January high, as on-chain analysis shows that about 40% of its initial supply is held by coordinated "insider" wallets. The token price once approached $0.33 and is currently trading at around $0.01, erasing the previous rise driven by AI concepts. This event highlights the risks associated with the concentration of supply in rapidly hyped projects on Solana and Ethereum, where a small number of individuals controlling a large supply can have a significant impact on the price.