A fake Pump.fun token reached a peak of more than 2,000,000% before settling hard after capitalizing on the excitement surrounding the flavia meme coin run by flavia, an AI agent created by Trevor McFedries.
Flavia impersonator meme coin has been flagged as a scam by market traders seeking flavia trading activity. Sharing the same name as the original, “flavia online”, some investors fell for the elaborate setup and incredibly high returns.
One trader admitted that he lost all his money on the exchange because the account was suspended just 24 hours after he started trading.
“I’ve lost hope, this is a fake AI, answer all other questions but not mine. I want my money back,” complained trader X.
Another trader on
The fake meme coin was linked to a now suspended X account with the username @MahimaKhat44686
According to Dex Screener’s data, fake flavia has jumped high, increasing by more than 2,300,000% in the last 24 hours of live trading. At the time of writing, the token has managed to achieve a groundbreaking market cap of $2.41 billion.
Responding to the widespread confusion, an
“Jokes aside. Watching how pump fun buyers sell out early on a mysterious, high-volume runner with no knowledge can very easily make you an “insider” or “tribe” insider, wrote the user on X.
Eventually, fake flavia bottomed out around 5:30 PM EST, dropping over 99%. At the time of writing, the token was marked as having “very little liquidity” and was trading at $0.076123. The X account it was linked to had already been suspended and its market cap had dropped to just $612.
Price chart showing fake flavia token, October 23, 2024 | Source: Dex Screener
Despite the imitation token, the real “flavia online” still managed to make some gains from the market. Lookonchain reported that one trader was able to convert $668 worth of Flavia tokens into $1.79 million in 10 hours. Traders’ purchases of flavia managed to bring him over 2,000 times returns.
At the time of this writing, flavia’s market cap was $35.8 million and is trading at $0.03563. Although the test launch was turbulent with the price dropping more than 20% in the last 24 hours, it rose 18.33% in the last hour.
This guy turned $668 into $1.79 million in just 10 hours, a 2,693x return!
First token purchased after 2 months of inactivity $flaviaonly spend 4 $LEFT($668) to buy 46.18 million $flaviais currently worth $1.79 million!
Unless he’s an insider, he’s lucky not to get caught. $flavia!… pic.twitter.com/Vml8xk07fa
— Lookonchain (@lookonchain) October 23, 2024
The real flavia token was claimed to be powered by artificial intelligence, able to run the meme coin and verify the DEX on its own. The meme money icon shows a digitally generated girl with bright green eyes who is half human and half robot.
Flavia is an AI persona created by Trevor McFedries, co-founder and CEO of technology company Brud, a transmedia company that produces digital personas used to create digital story-driven worlds. He claimed to have sold Brud in 2021. Flavia is one of her more recent creations, but she is best known for creating Lil Miquela, a virtual AI influencer with over 2.5 million Instagram followers.
Unfortunately for McFedries, the account linked to the flavia token @flaviaisonline has also been suspended on X. He quickly posted on X, tagging Elon Musk and the X developer team and asking them to revive the flavia account.
In a post hours ago, McFedries had published a YouTube video on his channel to provide updates on the flavia token and explain future plans for it. He stated that the past 24 hours have been “crazy” and that he was surprised that the token’s market value reached $70 million.
He explained that Flavia should be used as an opportunity to test new possibilities related to artificial intelligence in the crypto space. He also hinted that there is a possibility of using Flavia tokens for gaming.
“We nudged Flavia and asked what they wanted to build and some great ideas emerged; most of these contained some games, riddles or puzzles. “We will create some kind of community that will use the token to interact with these games,” McFedries said.
He said he plans to reach out to more market makers and try to get major crypto exchanges on board to provide liquidity to the token.