ChainOpera AI Jumps 96% in 24 Hours—But There’s One Red Flag

ChainOpera AI (COAI) experienced a dramatic 96% price increase in 24 hours, fueled by significant capital inflows indicated by the Chaikin Money Flow (CMF) indicator, suggesting FOMO-driven retail trading.

However, this rapid ascent is overshadowed by a significant red flag: DeFi Scanner data reveals that the top 10 wallets control approximately 97% of COAI's circulating supply. This extreme centralization poses a major risk, as a sell-off by any major holder could trigger panic selling and a catastrophic price drop, potentially sending the price from $16 down to $5.

While sustained buying could push COAI toward $21 or even its all-time high of $48, the current speculative excess and supply concentration suggest the token is highly vulnerable to a steep correction.

(Source：BeInCrypto)