COAI's large-scale profitable addresses are suspected to be external groups engaging in Alpha token arbitrage or quantitative trading.

On-chain analyst Ember's monitoring revealed that the COAI group mentioned by Bubblemaps is an external quantitative arbitrage team, not the project itself. The group's address behavior is highly consistent, with recent daily active trading of dozens of Alpha tokens, exceeding 240 tokens and 45,000 transactions in 30 days.