A new investigation by blockchain analysis firm Bubble Maps has raised serious questions about trading activity surrounding ChainOpera (COAI), one of BNB Chain’s largest projects.
The analysis shows that a single entity controls half of the most profitable COAI token wallets, potentially generating an overall profit of $13 million.
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COAI is the top weekly cryptocurrency earner
ChainOpera is a decentralized, agent-centric AI ecosystem that enables collaborative intelligence. It enables users, developers, and infrastructure providers to co-create, own, and operate AI agents.
The COAI token is the ecosystem’s native asset. It is the primary currency for accessing services, rewarding community contributions, and participating in the decentralized development of the network.
According to CoinGecko, altcoins were the biggest gainers over the past week, even as the overall market experienced volatility in the aftermath of Black Friday. COAI price has risen over 172% and reached an all-time high (ATH) earlier this week.
Nevertheless, the token has faced downward pressure over the past day, dropping nearly 23% in value to $17.84 at press time.
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Bubble Map warns about ChainOpera wallet collaboration activities
Despite the short-term correction, this performance highlights the token’s resilience amid broader market fluctuations. But who is actually benefiting from the token’s record price hike? According to blockchain analysis firm Bubble Maps, the primary beneficiary could be a single company.
“One company controls half of the top-grossing COAI wallets. Total profit: $13 million,” the post reads.
In a study shared on X (formerly Twitter), Bubblemaps identified the 60 most profitable COAI wallets that exhibit the same highly automated trading patterns.
The post reveals that each was initially raised for 1BNB through Binance on March 25th at around 11am UTC. Each executed thousands of automated trades through the Binance Alpha platform. This uniformity of trading behavior has led bubble maps to point to central control or highly coordinated actions behind these addresses.
“In total, more than 50% of the top 100 COAI traders belong to a single entity,” Bubble Map noted.
The analytics platform stressed that no direct link has been established between these wallets and ChainOpera’s core team, but said the coordinated behavior is “unusual” given the scale and automation involved. The ChainOpera AI team has not yet provided a response to the Bubblemaps findings.
