Recently, the on-chain data of COAI has revealed some market trends worth following. Analysis shows that large funds are quietly entering the market, while exchanges are continuously increasing their Holdings, which may lay the foundation for future price movement.

From the on-chain tracking data, addresses holding more than 0.01% of the total supply of COAI net purchased approximately 45,000 COAI worth over $300,000 between October 10 and 11. Overall, major participants showed a buying trend. For example, an address 0x42407f conducted a large number of transactions, ultimately net increasing its holdings by 4,600 COAI.

In addition, the activity of the trading bots is also noteworthy. An address marked as "Trading Bot" 0xa73072 purchased a total of 141,600 COAI in one go, investing nearly $965,000, indicating that algorithmic trading has begun to enter this market.

On the exchange side, Bitget has performed particularly well. Within 24 hours, the exchange increased its holdings by 2.1 million COAI, accumulating a total purchase of 19.5 million over the past seven days. Currently, Bitget holds 50.3 million COAI, accounting for 5.03% of the circulating supply, with a market value of approximately $347 million, making it the largest single holder. Such large purchases by the exchange often indicate that there may be market makers or institutions quietly building positions through over-the-counter (OTC) channels.

Although Gate reduced its holdings of 136,000 COAI during the same period, overall, the exchange's COAI Holdings still show a net inflow status.

The number of holding addresses has increased from 42,000 to about 42,500. Although the increase is not significant, it is noteworthy that the balances of large holders have risen overall by 25%. This phenomenon indicates that the chips of COAI are concentrating in the hands of larger funds. Once these large holders accumulate a sufficient share, it may provide strong momentum for subsequent price increases.

This on-chain data provides us with valuable market insights, but investors still need to cautiously assess risks, as the volatility of the cryptocurrency market remains high. Continuously following market dynamics and on-chain data will help make more informed investment decisions.