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

On October 18, according to monitoring by Yujin, the large-scale profitable entities of COAI may be Alpha Token arbitrage or quantitative external groups, rather than individual project parties. This batch of addresses shows a high similarity in operations of withdrawing BNB from CEX, and the creation time of the addresses was all on March 25, indicating they are indeed characteristics of the same entity. However, this batch of addresses has been conducting a large number of Alpha Token transactions daily since July, with up to dozens of different coins traded each day and thousands of transaction occurrences, indicating very high frequency. In addition, each of these addresses has traded more than 240 kinds of tokens in the last 30 days, with the number of transactions exceeding 45,000. This scale and frequency can basically only be attributed to the trading bots of arbitrage or quantitative groups. Previous reports from Bubblemaps indicated that a single entity is suspected of controlling half of the high-yield COAI addresses, with total profits reaching 13 million USD.