According to Mars Finance, The Data Nerd posted on the X platform stating that a large-scale wash trading group has been discovered that is engaged in Binance Alpha Token trading. This organization utilizes multiple addresses to withdraw BNB from Binance, potentially controlled by a single entity. These addresses execute a large number of Alpha Token transactions daily, involving dozens of tokens, with a trading volume of up to thousands of transactions and a very high frequency. In the past 30 days, each address has traded over 250 different tokens, with transaction counts reaching hundreds of thousands. This scale and intensity are typical characteristics of automated trading Bots rather than a single project team's typical characteristics. Additionally, these addresses have recently conducted COAI transactions and did not buy in at the early bottom, as seen in the image below with 0x40. They do not buy and hold like memecoin insiders, but rather continuously buy and sell like arbitrage/mining Bots.
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