ChainOpera AI’s COAI Tops Market Gainers, But Skeptics Cry ‘Scam’

ChainOpera AI's native token, COAI, experienced a significant surge of 71.39% in 24 hours, making it the top gainer among the top 300 coins on CoinGecko, trading at $14 with 77% of traders holding a bullish stance. The token has rapidly gained traction, securing over 50,000 holders in just one month and seeing a massive 1,308% jump in social mentions, driven by interest in trading opportunities, its Bitget listing, and its focus on decentralized AI.

However, this rapid rise is met with significant skepticism. Concerns center on centralization, as data shows ten wallets control 87.9% of the tokens, with Bubblemaps previously suggesting a single entity controls half of the top-earning wallets. Critics have labeled COAI a potential scam, citing a "fake product with a made-up AI story" and comparing it unfavorably to other alleged scams like MYX Finance (MYX). While proponents view COAI as a promising AI/blockchain project, the market remains divided between bullish investors and analysts warning of potential fraud.

(Source：BeInCrypto)