Opinion: COAI's large-scale profitable entities may be Alpha token arbitrage or quantitative external groups
BlockBeats News, October 18, according to Ember monitoring, the large-scale profit-making entity of COAI is likely an external group engaged in Alpha token arbitrage or quantitative trading, rather than the project team of a single project.
This batch of addresses withdrew BNB from a certain exchange in a highly similar manner, and all addresses were created on March 25, which are characteristics of a single entity. However, since July, these addresses have been conducting a large number of Alpha token trades every day, trading dozens of tokens daily with thousands of transactions, indicating very high frequency trading.
In addition, each of these addresses has traded more than 240 different tokens and executed over 45,000 transactions in the past 30 days. Such scale and frequency can basically only be achieved by trading bots operated by arbitrage or quantitative trading groups.
Previously, it was reported that Bubblemaps indicated a suspected single entity controls half of the high-profit COAI addresses, with total profits reaching $13 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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