AVA Soars: Whale Accumulation Fuels Solana AI Token’s Surge

The Solana-based AI token, AVA, has experienced a remarkable price rally, surpassing $4,500 and reaching new highs. This surge is fueled by significant institutional interest, as evidenced by large-scale purchases from whales and a growing community. 2.79 million Travala tokens, worth over $118,000, were recently acquired by a prominent whale wallet (8dduty). This activity comes alongside a broader trend of increased activity in AI-related tokens, with AVA currently trending on CoinMarketCap and outperforming many peers in daily percentage returns. 8dduty’s accumulation reflects a strategic approach to diversifying their portfolio with various smaller-cap assets, as evidenced by their substantial holdings in PUMP token (1.83M USD). On-chain data reveals that the largest Travala holder owns a sizable stake of over 29% of circulating supply. This suggests continued commitment from whales and institutions to the project. The report also points out notable purchases by large entities such as Wintermute, one of the market makers in cryptocurrency markets, which are actively accumulating AVA across various price points.