PANews reported on October 18th that The Data Nerd, in an article posted on the X platform, has discovered a large-scale wash trading operation for Binance Alpha tokens. This group, likely controlled by a single entity, utilizes multiple addresses to withdraw BNB from Binance. These addresses are performing numerous daily Alpha token transactions, involving dozens of tokens and thousands of transactions at an extremely high frequency. Over the past 30 days, each address has traded over 250 different tokens, with hundreds of thousands of transactions. This scale and intensity is typical of automated trading bots, not individual project teams. Furthermore, these addresses have recently traded COAI and haven't bought early at the bottom, as seen in the chart below with 0x40. Rather than buying and holding like memecoin insiders, they are engaged in a continuous buying and selling pattern, similar to arbitrage/mining bots.