Viewpoint: COAI large-scale profit entities may be for Alpha Token arbitrage or quantitative external groups.

BlockBeats news, on October 18, according to Yujin monitoring, the large-scale profit entities of COAI may be conducting arbitrage or quantitative operations for Alpha Token, rather than the project party of a single project. The operations of this batch of addresses withdrawing BNB from Binance are highly similar, and the address creation time is all on March 25, which indeed features the characteristics of the same entity. However, this batch of addresses has been conducting a large number of Alpha Token transactions daily since July, trading dozens of coins each day, with transaction volumes in the thousands, indicating very high frequency. Additionally, each of these addresses has traded more than 240 types of tokens in the last 30 days, with transaction counts exceeding 45,000; such scale and frequency can basically only be attributed to trading bots of arbitrage or quantitative groups. Previous reports from Bubblemaps indicated that a single entity is suspected to control half of the high-yield COAI addresses, with total profits reaching 13 million USD.