Investors Alert: Token Boom or Hype Trap? 😱

Oh look, the AVNT token-y’know, Avantis’s offspring, where degen’s buy guesswork futures on the Base network-just kept on outperforming my college investments with its double-digit rally. Talk about luck!

But of course, as is always the case, something went wrong. Turns out there’s this on-chain analytics folks, Bubblemaps (like everyone has an analytics folk these days), who found out a sophisticated Sybil attack was messing with the token’s debutante ball. Classic.

Trading 101: AVNT Volume Jumps Over 280% Thanks to Exchange Buzz

So, BeInCrypto spills the beans that AVNT is getting the attention of major exchanges, who must’ve had too much coffee in the morning. Suddenly, it’s on Upbit, Bithumb, and Binance-like they’re putting tokens on every shelf in America.

This hocus-pocus rally shot the price above a measly dollar-selling it to a rabbit magically pulled out of a hat-reaching an all-time great… for this week, I guess. It’s at $1.13 and acting all important like a modest chain of sushi restaurants.

Oh, and the market cap went from “will barely call my doctor for cold meds” to “$296.5 million”-like that’s a real measure of anything…

As if trying desperately to pretend it’s a must-have, investors decided to trade more than $2 billion-worth of AVNT this past day. Turns out, South Korean traders are in the game, holding 29% of the volume on alone in Upbit. You can’t blame them, though-getting all the action is just smart living.

Are we so back yet?

Across every tier of Nansen users, from free, pioneer, to pro, the same token leading attention in the past 24h is $AVNT.

– Nansen 🧭 (@nansen_ai) September 16, 2025

Oh, Yep, Sybil Attack Allegations on the Block Too!

Looks like while things were hot in the market, somebody tried to pull a fast one. Bubblemaps says that during the AVNT airdrop extravaganza, some clever jackass orchestrated a Sybil attack. They found over 300 wallet addresses controlled by one probably multitasking entity.

These go-getters snagged $4 million in AVNT tokens-because that’s how aspirations work nowadays, right? They pretended to be several before joining their earnings into a few addresses-sharing is not always caring.

“AVNT made headlines last week after a 12.5% airdrop. Some users walked away with 6 figures – but one entity may have taken much more,” Bubblemaps disclosed in the most understated way possible.

The flicks show these addresses were funded by Coinbase-apparently, modern money needs its apps. Then, after neatly transferring USDC from what they call a “small cluster of sources,” they’d trade on Avantis and collect their airdrop tokens like they were collecting stamps.

Feeling grouped? Well, get a load of this-then they sent those coveted funds to exchanges like Bybit and Gate. Talk about synchronized moves-maybe it wasn’t individual genius but an uncredited flash mob. Cue the conspiracy theories.

Apparently, Bubblemaps sees some resemblance with a previous fiasco-MYX Finance, where the same dormant wallets popped up, probably for another surprise party. Turns out coordinated plays are less of a rare act than a kindergarten lesson.

“The funding and claiming patterns match perfectly; clearly coordinated,” Bubblemaps observed, not meaning to imply they have a point.

Meanwhile, Avantis is busy watching windmills. No word on their end, nothing too shifty. Investors are now playing the guessing game, balancing this token’s flashy performance against the awkwardness of how fair-or not-they got their slice of the pie. Whether Avantis can charm everyone away from its blemished airdrop dance-their next step determines the evening! 😱

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2025-09-16 08:37