Adding to BNB’s recent rally, projects within the Binance ecosystem have been attracting retail traders in October. The influx of capital into Binance has accelerated the price rise of several ecosystem tokens, and ChainOpera AI (COAI) appears to have seized the opportunity.
But is ChainOpera AI’s rise sustainable? What factors should investors consider before allocating capital to this project?
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COAI market capitalization exceeds $1 billion within a month
ChainOpera AI is a decentralized AI platform built on blockchain technology. It aims to foster collaborative intelligence through a network of AI agents and models co-created and owned by the community.
In Binance’s dynamic ecosystem, ChainOpera AI (COAI) has recently gained attention, with its market capitalization exceeding $1 billion. According to BeInCrypto data, in just 24 hours, COAI’s price soared more than 64% to reach $5.60, pushing its market cap to over $1.1 billion.
From an internal perspective, the project has made significant progress despite starting just a few months ago. According to ChainOpera AI, since introducing AI payment services on BNB Chain in May, its ecosystem has expanded and now serves over 3 million AI users and over 300,000 BNB payers.
A solid user base is strengthening demand for COAI and contributing to its bullish momentum.
Externally, project success also depends on favorable timing. Building BSC (Binance Smart Chain) at a time when Binance founder CZ was actively promoting the ecosystem clearly benefited COAI. The general “BNB season” sentiment has led to a surge of positive discussions surrounding the token within the ecosystem.
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“Looking back at our success, one of the key reasons is that we happen to be based in BSC and BNB and have amassed 300,000 BNB payment users on our AI Terminal app. These users overlap significantly with Binance Alpha’s user base, with 40,000 of them converting into active $COAI participants,” ChainOpera AI said.
Additionally, COAI’s rise has been fueled by recent listing events. On October 6th, COAI was listed on the Astor Exchange with 5x leverage. Combined with previous consolidations on Bybit and Binance Alpha, these listings triggered massive liquidity inflows.
ChainOpera AI (COAI) is currently one of the best performing projects in Binance Alpha’s portfolio over the past 7 days, boasting a return of over 1,300%.
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Potential risks for investors entering COAI now
Although COAI’s results are impressive, investors should remain vigilant about several risks associated with newly launched TGE projects.
First, a concentration of tokens raises red flags. The top 10 wallet addresses collectively account for over 96% of the total supply, with the top 100 controlling up to 99.74%.
Such a distribution structure raises concerns about market manipulation. However, a trustworthy, long-term oriented team will avoid actions that undermine investor confidence.
“If these wallets were dumped, the price could plummet to zero or even below $0.01 in seconds. This is not a real pump… it’s pure manipulation,” one X user warned.
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Second, COAI’s tokenomics reveals a long-term unlock schedule. According to CryptoRank data, only 19.6% of the total 1 billion COAI tokens are currently in circulation.
Important questions arise. Will ChainOpera AI’s internal fundamentals be able to continue attracting new investors if the external stimulus from the current “BNB season” wanes?
Historical trends show that projects with high fully diluted valuations (FDV) and low circulating supply often struggle to maintain investor interest once the initial hype dies down.
COAI’s long-term success will depend on its ability to translate its short-term momentum and community-driven narrative into lasting organic demand for its ecosystem.
