Bubblemaps Probes ChainOpera: One Entity May Hold Majority of COAI Profits
A brand new investigation by blockchain analytics agency Bubblemaps has raised severe questions on buying and selling exercise surrounding ChainOpera (COAI), one of the biggest tasks on the BNB Chain.
The evaluation signifies that one entity could management half of the highest-earning COAI token wallets, netting $13 million in collective revenue.
COAI Is The Top Weekly Crypto Gainer
ChainOpera is a decentralized, agent-centric AI ecosystem that allows collaborative intelligence. It permits customers, builders, and infrastructure suppliers to co-create, personal, and operate AI agents together.
The COAI token is the ecosystem’s native asset. It is the first foreign money for accessing providers, rewarding group contributions, and collaborating within the community’s decentralized improvement.
According to CoinGecko, the altcoin has emerged as the highest gainer over the previous week, even because the broader market skilled volatility following the aftermath of Crypto Black Friday. COAI’s worth has appreciated by greater than 172%, reaching an all-time high (ATH) earlier this week.
Nonetheless, the token has confronted downward stress over the previous day, dipping almost 23% to a press-time worth of $17.84.
Bubblemaps Raises Alarm Over Coordinated ChainOpera Wallet Activity
Despite the short-term correction, the efficiency underlines the token’s resilience amid wider market fluctuations. But who is definitely benefiting from the token’s file rally? According to blockchain analytics agency Bubblemaps, the foremost beneficiary may very well be a single entity.
“One entity controls HALF of the highest incomes COAI wallets. Total revenue: $13 million,” the post learn.
In an investigation shared on X (previously Twitter), Bubblemaps recognized the 60 most worthwhile COAI wallets that exhibited similar, extremely automated buying and selling patterns.
The publish revealed that they had been every initially funded with 1 BNB by means of Binance at around 11:00 a.m. UTC on March 25. Each executed 1000’s of automated trades by way of the Binance Alpha platform. Such uniformity in buying and selling conduct led Bubblemaps to level towards central administration or extremely coordinated motion behind these addresses.
“In whole, over 50% of the highest 100 COAI merchants belong to a single entity,” Bubblemaps famous.
While the analytics platform emphasised that no direct hyperlink has been established between these wallets and ChainOpera’s core workforce, it described the coordinated conduct as ‘uncommon’ given the size and automation concerned. The ChainOpera AI workforce has not but supplied a response to Bubblemaps’ findings.
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