The Data Nerd: Discovering an organization engaged in large-scale trading of Binance Alpha tokens for volume manipulation

ChainCatcher news, according to a post by The Data Nerd on the X platform, has discovered a group engaged in large-scale trading of Binance Alpha tokens. This organization utilizes multiple addresses to withdraw BNB from Binance, possibly controlled by a single entity. These addresses execute a large number of Alpha token trades daily, involving dozens of tokens, with transaction volumes reaching thousands and extremely 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 characteristic of automated trading bots rather than a typical project team. Furthermore, these addresses have recently conducted COAI trades and did not buy in early at the bottom, as seen in the image below with 0x40. They do not buy and hold like memecoin insiders but continuously buy and sell like arbitrage/mining bots.