Analysis of the Market Manipulation Model Behind WCT Tokens
1. Strong Start Revealing Strength
$WCT was initially pre-sold at a price of $0.2 on a competitor exchange, seeming like an ordinary project, with no involvement in popular sectors like AI/Layer1. However, it subsequently landed on Binance spot and South Korea's Upbit, an unusual operation that hinted at the team's exceptional strength behind it.
2. Price Manipulation and Ascension Phase
Despite ample airdrops and market-making shares, the manipulators were still able to continue pushing the price up (with the token price reaching up to 2 times the opening price). This phase was essentially gathering chips for subsequent operations.
3. Creating Hype and Short Squeeze
By the end of May, WCT had consecutively topped the gainers list, sparking heated discussions in the community. After short-selling funds entered the market, the manipulators began to exploit their control to create a short squeeze, turning short positions into fuel for the price increase.
4. Precise Selling and Exit
When the timing was ripe, the manipulators concentrated their sell-off, leading to a sharp price drop. This is a typical "North American strong manipulation" style—complete exit, causing the price to remain sluggish. Currently, WCT is in a state without manipulators, with only Binance possibly maintaining some liquidity.
Summary: I would short it for a while