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Bubblemaps Probes ChainOpera: One Entity May Hold Majority of COAI Profits

BeInCrypto
Bubblemaps analysis suggests one entity controls half of the most profitable ChainOpera (COAI) wallets, netting $13 million.

Summary

Blockchain analytics firm Bubblemaps has launched an investigation into ChainOpera (COAI), the top weekly crypto gainer on the BNB Chain, raising concerns about concentrated profit ownership. The analysis identified 60 highly profitable COAI wallets exhibiting identical, automated trading patterns, all initially funded with 1 BNB from Binance on March 25th. Bubblemaps concluded that a single entity controls over 50% of the top 100 COAI traders, accumulating approximately $13 million in profit. While no direct link to the ChainOpera core team has been established, the coordinated scale of the activity is deemed unusual. ChainOpera has not yet responded to the findings.

(Source:BeInCrypto)