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COAI took a heavy hit—down 6.8% as the momentum behind the AI tokens narrative fades. Money is moving extremely fast these days. Traders are shifting to meme coins and coins tied to major exchange ecosystems.
Whale situation? Very harsh. The top 10 wallets hold 87.9% of the supply, and exchange wallets have seen massive inflows recently. This is a classic distribution.
Technically, COAI broke the Fibonacci retracement level at $1.04. Momentum indicators are still pointing negative. Unless there’s a major change, it looks like a heavy burden right now.