A fake pump.fun token saw an astronomical rise of over 2,000,000% before crashing hard, leveraging the hype surrounding the flavia meme coin, managed by flavia, an AI agent created by Trevor McFedries.

Flavia Impersonator Meme Coin Scam

The fraudulent meme coin, sharing the name “flavia is online,” was flagged as a scam by vigilant market traders looking for genuine flavia trading activities. Some traders were deceived by the strikingly high gains and fell for the elaborate setup.

One trader reported losing all his funds when the account was suspended just 24 hours after trading began.

“I lost my hope, this is a fake AI, answering all other questions but not mine. I need my money back,” the trader lamented.

Another trader warned,

“There’s a fake $Flavia online and it’s going to ruggggg, Degens are going to be losing so hard.”

The scam was linked to a now-suspended X account with the username @MahimaKhat44686.

Market Impact and Trader Reactions

According to data, the fake flavia token skyrocketed by over 2,300,000% within 24 hours of live trading, reaching a market cap of $2.41 billion. An X user highlighted how easily traders latched onto a pump.fun token with “no information” but a suspiciously high volume, leading to significant losses.

Eventually, the fake flavia token plummeted around 17:30 EST, dropping more than 99%. The token was marked as having “very little liquidity” and was trading at $0.076123. The associated X account was suspended, and its market cap fell to just $612.

Real Flavia Token Performance

Despite the copycat scam, the genuine “flavia is online” token still managed to gain traction. One trader turned $668 worth of flavia tokens into $1.79 million within 10 hours, achieving returns over 2,000-fold. At the time of writing, the flavia token had a market cap of $35.8 million and was trading at $0.03563. Though it experienced a turbulent launch with a 20% price drop in the past 24 hours, it has risen by 18.33% in the last hour.

Lookonchain reported,

“This guy turned $668 into $1.79M in just 10 hours, a 2,693x return! After 2 months of inactivity, the first token he bought was $flavia, spending only 4 $SOL ($668) to buy 46.18M $flavia, which is now worth $1.79M! If he is not an insider, he is too lucky to catch $flavia!”

Background on Flavia

Flavia is an AI personality created by Trevor McFedries, co-founder and CEO of Brud, a tech company producing digital personas for story-driven digital worlds. McFedries is also known for creating Lil Miquela, a virtual AI influencer with over 2.5 million Instagram followers.

Unfortunately, the X account linked to the genuine flavia token, @flaviaisonline, was also suspended. McFedries appealed to Elon Musk and the X developer team to revive the account.

In a YouTube video, McFedries provided updates on the flavia token and outlined future plans. He expressed amazement at the token’s market cap reaching $70 million and hinted at using flavia tokens for gaming and community-building activities.

“We’ve been poking flavia and asking what they/she/it would want to build, and there have been some cool ideas, most involving games, riddles, or puzzles,” McFedries explained.

McFedries plans to reach out to market makers for liquidity and aims to get large crypto exchanges onboard with the token.

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