Deep Dive
1. Token Unlock Wave (Bearish Impact)
Overview:
80.35% of COAI’s 1B total supply remains locked until 2026. Core team, advisors, and investors face a 1-year cliff (no unlocks until September 2026), followed by 36-month linear vesting. This creates structural sell pressure risk if demand growth lags behind supply releases.
What this means:
While the lockup aligns incentives long-term, the first major unlocks in late 2026 (~2.78% monthly supply releases) could overwhelm buying pressure if ecosystem usage stagnates. Current circulating supply is 19.65%, but only 4.2% is allocated to community incentives (COAI Tokenomics).
2. Airdrop-Driven Speculation (Mixed Impact)
Overview:
Season 3 airdrop (active since August 2025) rewards points for social tasks and AI interactions, with eligibility for future COAI tokens. Previous campaigns drove user growth but lack conversion guarantees (Airdrop Guide).
What this means:
Short-term hype could lift prices if airdrop participants hold tokens, but historical precedents (e.g., 2023–2024 airdrop cycles) show post-distribution sell-offs. Success hinges on retaining users via platform utility post-airdrop.
3. Testnet Adoption (Bullish Impact)
Overview:
ChainOpera’s testnet launch (expected late 2025) aims to validate its decentralized AI agent network. COAI is required to access premium features, incentivizing token demand if usage surges (Token Utility).
What this means:
Proven adoption of AI agents for DeFi/RWA use cases could drive organic demand, offsetting unlock risks. Metrics to watch: daily active agents, GPU provider sign-ups, and governance participation.
Conclusion
COAI’s price trajectory hinges on whether AI utility growth outpaces token supply inflation. While airdrops and testnet progress offer catalysts, the 2026 unlock cliff looms. Will decentralized AI adoption scale fast enough to absorb ~$32M in monthly sell pressure (at current prices) by 2026? Monitor testnet activity and vesting schedules.