What to Know
- COAI plunged 65% this week amid weakness in AI-related tokens and capital rotation.
- Whale wallets control nearly 88% of the supply, raising liquidation risks.
- Despite price pressure, ChainOpera continues to push its decentralized AI tech vision.
ChainOpera AI (COAI), has dropped sharply. It has dropped about 4.33% in the last 24 hours and about 65.48% in the last seven days. The drop is due to a combination of a weaker AI-token market, major holders controlling the supply, and a key technical breakdown in its chart.
AI Sector Rotation
COAI didn’t fall alone. The broader AI-token sector has been under pressure as traders pull back from smaller projects and shift into other parts of the crypto market. On October 31, data show the AI sector shed about 8.6%, and COAI was one of the biggest losers, dropping as much as ~42% on that day.
This kind of broad rotation hits tokens like COAI harder because its performance depends heavily on speculative flows rather than large-scale institutional backing. When sentiment turns, the drop can be extra steep.
Whale Supply Concentration
COAI’s supply is heavily concentrated. On-chain data indicate that the top 10 wallets control about 87.9% of the token’s available supply. That means if one or more of those large holders decide to sell, it could put significant downward pressure on price. Recent data also spot large movement of COAI tokens into exchange addresses, a possible sign of upcoming sell pressure. At the same time, trading volume has dropped by about 19.35%, or $111 million, in 24 hours. This means that the market is getting thinner and there is a higher risk of big moves.
ChainOpera AI’s official X account talked about community panic after rumors spread that a team member was leaving, even though things were still very unstable. The project called the claims “coordinated FUD” and said that the top wallets, which hold about 88% of the supply, belong to the project’s foundation and have not been touched since the listing. The team also said that the recent downtime on the website was caused by problems with AWS and GCP infrastructure, not problems with the website itself. This openness may temporarily ease investors’ worries, but the risk of whale control is still high, so a single big sell-off could still shake up the market.
Technical Breakdown
From a chart perspective, COAI has broken a major support level at around $0.84, which in technical terms often unleashes more selling. The token now trades below key moving averages for example, a 7-day simple moving average of about $1.33. Other indicators like the MACD and RSI are flashing bearish momentum the RSI is near oversold levels around 32.93 but still lacks clear signs of a reversal.
The next meaningful support level observers are watching is approximately $0.61, the 38.2% Fibonacci retracement level. Unless the RSI climbs back above ~40 and the MACD turns positive, the risk remains that price falls further. At the time of writing COAI is trading at around $0.9692.
ChainOpera’s Decentralized Vision
ChainOpera AI keeps talking about its technological successes even though its price has dropped. The team posted an article earlier today called “From Prompt to Response: A Decentralized Symphony of AI Agents.” It explained how its AI Terminal works through a multi-layer decentralized system.
Every time a user makes a request, the AgentOpera framework comes to life, and many AI agents built by the community work together in real time. These agents use the project’s FedML framework to access a decentralized model ecosystem and do calculations on a distributed GPU cloud. Lastly, ChainOpera’s AI-native blockchain checks each workload with its own “Proof of Intelligence” method, giving rewards to contributors and making sure that the verification is clear.
They are inviting people to try the network live on chat.chainopera.ai and stressing that the platform offers “lightning-fast responses” and is “fully decentralized yet rivaling centralized AI apps like ChatGPT.”
Final Thoughts
The sharp drop in ChainOpera AI shows how quickly feelings can change in the fast-moving AI crypto market. While the project continues to innovate with its decentralized AI network and transparent communication, COAI’s token remains highly vulnerable to whale activity and sector-wide volatility. Be careful until more people trust AI tokens again. Before making any moves, investors may want to keep a close eye on technical levels and watch how much money is coming into exchanges from big wallets.
Also Read: Ethereum Price Holds $3,000 as Whales Accumulate Over $1.1B in Two Days
