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MeowAlert
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👉 From the last two days, I honestly lost count how many posts I made about $COAI . And yeah, here I am again, writing another one, cause COAI just turned into the main topic every trader is talking about. My feed is full of posts saying it's a scam, others saying the team gone missing, and many just confused after that huge dump. So again, I had to check everything myself — data, wallets, website, and what the team really said.
After digging deep into on-chain data and wallet tracking, it's clear the top 10 wallets hold around 96 to 97% of the total supply. Looks bad right? But the truth is, those tokens are locked. If the team or top holders were planning a rug, they would have already moved the tokens when price was flying high. But they didn't. Around 81% of supply still sitting locked and untouched. Only a small part of tokens are unlocked and that's why price jumps crazy fast when demand comes in and then dumps the same way when whales take profit. It's not full manipulation, it's more about low liquidity and few tokens trading.
Then about the website thing — yeah it went down and everyone started shouting 'team gone', 'rugged project', but actually the official COAI account tweeted that it was just a server migration issue. They said they fixing it and will be back soon. That already shows the team didn't leave.
Now the contract does have some risky parts like the owner can change taxes or blacklist wallets, and that's not great. Till they renounce it, it stays a risk. But still, that alone doesn't make it a scam.
So after checking all that, I don't really believe COAI is a full scam. It's messy, not well managed, and risky for sure, but not a total rug. There's no signs of wallet drains, no missing devs, no liquidity pull.
😺 My take — $COAI ain't clean or stable, but it's not dead either. The team still around, confirmed by their tweet about the server issue. Till they start talking more and being transparent, I'd still call it a high risk token, not a confirmed rug.
#MarketPullback #WriteToEarnUpgrade
After digging deep into on-chain data and wallet tracking, it's clear the top 10 wallets hold around 96 to 97% of the total supply. Looks bad right? But the truth is, those tokens are locked. If the team or top holders were planning a rug, they would have already moved the tokens when price was flying high. But they didn't. Around 81% of supply still sitting locked and untouched. Only a small part of tokens are unlocked and that's why price jumps crazy fast when demand comes in and then dumps the same way when whales take profit. It's not full manipulation, it's more about low liquidity and few tokens trading.
Then about the website thing — yeah it went down and everyone started shouting 'team gone', 'rugged project', but actually the official COAI account tweeted that it was just a server migration issue. They said they fixing it and will be back soon. That already shows the team didn't leave.
Now the contract does have some risky parts like the owner can change taxes or blacklist wallets, and that's not great. Till they renounce it, it stays a risk. But still, that alone doesn't make it a scam.
So after checking all that, I don't really believe COAI is a full scam. It's messy, not well managed, and risky for sure, but not a total rug. There's no signs of wallet drains, no missing devs, no liquidity pull.
😺 My take — $COAI ain't clean or stable, but it's not dead either. The team still around, confirmed by their tweet about the server issue. Till they start talking more and being transparent, I'd still call it a high risk token, not a confirmed rug.
#MarketPullback #WriteToEarnUpgrade
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