According to @CryptoKing4Ever, $COAI is alleged to have a fake AI product narrative and fake decentralization, with 96% of the token supply controlled by just 10 wallets, indicating extreme holder concentration that the author warns is harmful to retail participants, source: @CryptoKing4Ever on X. According to @CryptoKing4Ever, centralized exchanges listed the token despite these alleged red flags, enabling distribution that resulted in retail getting dumped on while insiders walked away profitable, source: @CryptoKing4Ever on X. According to @CryptoKing4Ever, the author calls for the market to stop rewarding such projects, serving as a cautionary signal for traders evaluating $COAI and AI-narrative tokens, source: @CryptoKing4Ever on X.