According to crypto analyst Ember @EmberCN, the group of large profitable addresses on COAI mentioned by Bubblemaps is most likely an external quantitative or arbitrage group, rather than the project's address.

Yu Jin pointed out that the methods used by these addresses to withdraw BNB from Binance and their creation dates (all on March 25th) were highly similar, indicating they were the same entity. However, since July, these addresses have been actively trading dozens of Alpha tokens almost daily, with thousands of transactions per day. Statistics show that each address has traded over 240 tokens and over 45,000 transactions in the past 30 days, consistent with quantitative or arbitrage bot (BOT) operations.