A certain Solana AI concept token has been acting pretty suspicious lately.

Data as of December 7: current price is $0.235, up 52.71% in 24 hours, with trading volume surging to $91.7 million. Market cap is $259 million, with both circulating and total supply at 1 billion tokens. After pulling back from its previous high of $0.327, it’s back on the move, with a 7-day gain of 188%. Support is holding at $0.24, RSI has shot up to 94 (overbought territory), but volume is still piling in.

The key point is the on-chain activity is way too obvious. BubbleMaps tracked 50 related wallets that coordinated to buy $19 million worth through a major exchange, then withdrew 44% of the circulating supply ($96 million) right away. With supply tightening, shorts got squeezed for $11 million in liquidations—this coordinated operation has been building since October.

Nansen data confirms: 11 million tokens flowed into new wallets this week, whales accumulated another 6.6 million, and net exchange outflow spiked 62%. Top 100 holders increased their positions by 27 million tokens this week (worth $7 million), and the smart wallet index keeps hitting new highs. The timing is precise, coinciding right before a certain open-source AI tool is set to launch in Q4.

This token positions itself as Solana ecosystem’s AI autonomous agent + open-source DevOps tool, with max meme appeal and a community of over 10,000 hyped members. With whales building positions so openly, either they know something ahead of time or they’re betting on an ecosystem explosion. Weak hands have already fled; now the token distribution is scarily concentrated.

Some are calling for a target price of $0.35+, but with such strong overbought signals, chase the pump at your own risk. On-chain data doesn’t lie, but the whales’ playbook isn’t written on their faces. DYOR—don’t ape in blindly.