TechFlow news, October 18 — According to on-chain analyst The Data Nerd (@OnchainDataNerd), a group of addresses likely controlled by a single entity is conducting large-scale Alpha token mining activities. These addresses have each traded over 250 different tokens in the past 30 days, with extremely high frequency and a total volume reaching hundreds of thousands of transactions, exhibiting clear characteristics of automated trading bots. The analyst noted that the trading patterns of these addresses differ from insiders' buy-and-hold strategies, instead showing typical arbitrage/mining bot behavior involving continuous buying and selling. The report also mentioned that these addresses had traded $COAI tokens but did not purchase them early at low prices, further supporting the likelihood that they belong to an external mining group rather than the project team.
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