ChainOpera AI (COAI) has experienced a significant price surge, climbing 70.01% in the past 24 hours to reach $16.47. This increase has pushed its market capitalization up by 69% to $3.16 billion. The rise is attributed to strong speculative demand, as evidenced by a 98.52% increase in unwound contracts to $20.55 million and a 20.95% rise in derivatives volume to $3.19 billion. Whale accumulation has played a crucial role, with 87.9% of the top 10 wallets holding COAI, indicating substantial buying activity over the last three days. The long/short ratio of 1.055 reflects a bullish sentiment among derivatives traders, further supporting the upward momentum of COAI.