Solana's AVA AI token has experienced a dramatic 96% decline from its January peak, now trading at approximately $0.01. This significant drop follows revelations from on-chain analysis that 40% of the token's initial supply is held by coordinated 'insider' wallets. The token, which once reached a high of $0.33, has struggled to maintain its AI-driven momentum. The concentration of supply in these insider wallets has sparked concerns about the potential for manipulation and volatility in rapidly evolving projects on Solana and Ethereum. This development highlights the risks associated with centralized control in decentralized finance ecosystems.