COAI Crypto Drops After Sprinting 100X: Is Chain Opera AI Run Finished? tau3.net

After a 100x sprint, COAI, once hyped as the best crypto to buy now, slumps over -52% in a day as euphoria cools and on-chain scrutiny grows.

ChainOpera AI’s token, COAI, tumbled nearly -52% in the past 24 hours after a week of rapid gains that pushed it into the multi-billion-dollar range.

(Source:Coingecko)

By Saturday evening ET, COAI was trading around $10-$11 with about $295 million in daily volume on major exchanges. 

The drop follows growing discussion about heavy profits among top wallets and possible coordinated selling.

The correction came soon after COAI’s explosive rally from about $0.14 on Sept. 26 to an all-time high near $44.90 on Oct. 12, a surge of more than 100x in just over two weeks.

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What Did Bubblemaps Uncover About COAI’s Suspicious Wallet Activity?

Coingecko data shows a 24-hour range between $9.79 and $25.12, putting the live market cap around $1.9–$2.1 billion based on an estimated circulating supply of 188–200 million tokens. 

CoinGecko lists COAI on Bitget and Gate.io, each handling tens of millions in trades today.

The token had been one of the top performers of the week, rising more than 300% before volatility hit.

On Saturday, DEX Screener data from the BNB Chain pair showed COAI down about -52% over 24 hours, mirroring the pullback seen across both centralized and decentralized markets.

Bubblemaps has raised questions about a cluster of wallets tied to Chain Opera AI (COAI) after uncovering strikingly uniform trading behavior.

In its investigation shared on X, the analytics platform identified 60 wallets that executed thousands of automated trades under near-identical conditions.

According to Bubblemaps, each wallet received an initial 1 BNB transfer from Binance around 11:00 a.m. UTC on March 25 before using the Binance Alpha platform to carry out synchronized trades. 

The pattern points to possible central control or a tightly coordinated strategy behind these addresses.

Meanwhile, fresh data from Nansen suggests traders are turning cautious. COAI tokens held on centralized exchanges rose from 47.48 million to 55 million in the past week, an inflow that often signals potential selling or portfolio rotation into other altcoins.

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COAI Price Prediction: Can COAI Hold Its Key Crypto Support Between $8.65 and $7.17?

Technically, the four-hour COAI/USDT chart reflects that mood. 

After a sharp 10× jump from the $1.737 level to about $24, the token has slipped into a sequence of lower highs and lower lows a textbook sign of profit-taking and waning momentum.

Whether this marks a temporary pause or the end of COAI’s explosive run remains uncertain, but traders appear to be moving more cautiously as scrutiny around the project deepens.

COAI is now trading around $10.13, edging closer to a key support area between $8.65 and $7.17. 

The chart outlines two major demand zones: the first between $8.65 and $7.93, and the second around $7.17, where previous accumulation took place.

According to the analyst, how the price reacts here will determine the next direction. 

A bounce from these zones could show that buyers are stepping back in, setting up a short-term rebound toward the $15.21 resistance.

After a 100x sprint, COAI, once hyped as the best crypto to buy now, slumps over -52% in a day. Is it done?

(Source:X)

However, there is an indication of danger represented by the projection line on the chart. 

When COAI goes to this support area and fails to give any indication of a turnaround or high trading quantity, then the structure is likely to become weaker. That would possibly spell the doom of its sharp rise and prove a further correction.

Simply, the long-term direction of COAI will be determined by how this pullback will be consolidated into a healthy pullback or it will degenerate into a collapse below the significant support levels.

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The post COAI Crypto Drops After Sprinting 100X: Is Chain Opera AI Run Finished? appeared first on 99Bitcoins.

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