$COAI

Exposed: The Truth Behind the Pump, the Dump, and the Scam Rumors 🚨

The chaos surrounding $COAI wasn’t random. What started as a promising “AI-powered” token quickly spiraled into a textbook pump-and-dump, leaving investors wondering if the project was ever genuine.

The contract reveals the truth. While it’s verified, $COAI uses a proxy contract with ownership still active — meaning the deployer can modify key functions like minting, pausing, or changing fees at any time. That kind of backdoor access strips away any claim of decentralization, putting full control in the hands of the team.

A closer look at holder distribution tells an even darker story. Though the owner and creator wallets appear empty, a few connected addresses hold a massive share of the supply — enough to manipulate the market. During the so-called breakout, these wallets sent large amounts to exchanges right before the crash — classic profit-taking behavior disguised as “market volatility.”

There’s no direct proof of an outright rug pull, but Coal checks nearly every box of a manipulated token setup:

Centralized contract with proxy control

Hidden whale wallets

Uneven token distribution

Aggressive marketing under the “AI” buzzword

Simply put — Coal isn’t decentralized, and it’s far from transparent. Until ownership is renounced, proxy permissions are removed, and real development replaces hype, this remains a high-risk token dressed up in AI storytelling.

💡 The reality: The pump was orchestrated. The dump was predictable. And the control still sits in a single wallet.