ChainOpera (COAI), one of the fastest-growing projects on the BNB Chain, has drawn intense scrutiny after a new report from blockchain analytics firm Bubblemaps uncovered signs of potentially coordinated trading activity.
The AI-driven ecosystem, which enables users, developers and infrastructure providers to co-create and operate AI agents collaboratively, has recently become the talk of the crypto market. The project’s native token, COAI, serves as the primary medium of exchange within its decentralized ecosystem, powering community rewards, access to services, and network participation.
Over the past week, COAI emerged as the top-performing cryptocurrency, according to CoinGecko data, soaring more than 172% despite broader market turbulence following the so-called Crypto Black Friday. Earlier this week, the token reached an all-time high (ATH) before a sharp correction saw its price fall 23% to $17.84 at press time.
Bubblemaps Investigation Uncovers Suspicious Wallet Activity
While investors were celebrating COAI’s remarkable rally, Bubblemaps published an investigation that cast a shadow over the token’s trading dynamics. The firm’s latest on-chain analysis revealed that one entity may control half of the top-earning COAI wallets, which have collectively netted an estimated $13 million in profits.
In a detailed post shared on X (formerly Twitter), Bubblemaps identified a cluster of 60 highly profitable wallets exhibiting identical automated trading patterns. Each of these wallets, according to the report, was initially funded with 1 BNB via Binance around 11:00 a.m. UTC on March 25. The wallets then executed thousands of trades using the Binance Alpha platform, displaying near-perfect synchronicity in timing and order placement.
This uniform behaviour, mirroring automated or bot-driven activity, prompted Bubblemaps to suspect centralised management or coordinated control behind the addresses. The firm’s findings further noted that over 50% of the top 100 COAI traders could belong to a single entity, potentially influencing token price movements and profit distribution.
Centralised Control or Smart Strategy?
Although Bubblemaps has not directly linked the suspicious wallets to the ChainOpera development team, the scale of coordination and profit accumulation has raised eyebrows within the crypto community.
Bubblemaps described the trading pattern as “unusual given the automation and precision involved,” suggesting that either a sophisticated trading firm or an insider entity could be behind the activity. Some analysts argue that this type of behaviour may point toward market manipulation, while others say it could represent an advanced algorithmic trading strategy taking advantage of early liquidity and momentum.
Regardless of the intent, the findings underscore growing concerns over transparency and fairness within emerging AI-powered blockchain projects. ChainOpera’s rapid ascent and concentrated profit distribution may invite deeper regulatory and community scrutiny in the coming weeks.
ChainOpera Yet to Respond to Allegations
As of publication, the ChainOpera AI team has not issued an official response to Bubblemaps’ investigation. The lack of comment has only intensified speculation surrounding the project’s internal operations and wallet ownership transparency.
The controversy comes at a critical time for ChainOpera, which has been positioning itself as a decentralised alternative to traditional AI development platforms. Its community-centric model and strong marketing narrative have attracted substantial attention, driving the token’s rapid adoption across the BNB Chain ecosystem.
However, as the Bubblemaps report gains traction, questions about who truly benefits from ChainOpera’s explosive success remain unanswered. Whether the coordinated activity was the result of legitimate trading automation or a more deliberate effort to concentrate profits, the investigation has cast a long shadow over COAI’s otherwise stellar performance.
Conclusion
The Bubblemaps revelation has sparked a new round of debate about decentralisation, transparency and market integrity in the fast-evolving world of AI-linked cryptocurrencies. With millions in profits potentially concentrated in a single entity’s hands, the ChainOpera saga serves as a stark reminder that even the most innovative projects are not immune to questions of fairness and control.
Until ChainOpera addresses the allegations, investors and observers alike will be watching closely to see whether the project’s vision of collaborative intelligence truly extends to its token economy or remains in the control of just a few powerful hands.
