Opinion: COAI Major Profit Entity Possibly Engaged in Alpha Token Arbitrage or Quant Trading External Group

BlockBeats News, October 18th, according to cointel, the large-scale profitable entity in COAI may be conducting Alpha token arbitrage or quantitative trading on behalf of an external group, rather than as a single project team.

These addresses withdrew BNB from Binance in a highly similar manner, and all were created on March 25th, displaying characteristics of the same entity. However, starting from July, these addresses have been conducting large volumes of Alpha token trades daily, involving dozens of different tokens each day with thousands of transactions, indicating very high frequency trading.

In addition, each of these addresses has traded over 240 different tokens in the last 30 days, with over 45,000 transactions, a scale and frequency that can only belong to a trading bot used by an arbitrage or quantitative group.

Previously, Bubblemaps indicated that a single entity appears to control half of the high-yield COAI addresses, with total profits reaching $13 million.