WCT Token: A Typical Case Study of 'North American Strong Holders' Manipulation
The price trend of WCT Token perfectly illustrates the classic manipulation tactics of 'North American Strong Holders', and the operational model of the behind-the-scenes manipulators is indeed worth in-depth analysis.
1. All-Star Lineup Start: Impressive Early Layout
The token $WCT was initially presold on a competitor exchange at an issuance price of $0.2. At that time, as it was not in popular sectors like AI or Layer 1, many considered it just an ordinary small coin. However, WCT subsequently went directly to the Binance spot trading area and was simultaneously listed on the well-known Korean exchange Upbit. This move immediately exposed the strong capabilities of the project team and the powerful manipulators behind it, indicating that they were far from ordinary.
2. Continuous Price Breakthrough: Underlying Chip Accumulation
Although the airdrop and market-making share on exchanges for WCT were not small, its price still achieved a continuous rise, doubling compared to the opening price. This indicates that the manipulators have strong control over the market. In fact, at this time, the manipulators were quietly laying out strategies to accumulate chips for subsequent large-scale operations.
3. ATH Blowout: The 'Bait and Trap' that Ignited Market Heat
After accumulating enough chips, WCT started to consistently top the gainers list at the end of May, attracting widespread attention and discussion from the community. With the rising heat, a large amount of short-selling capital flooded into the market. However, the spot chips were completely in the hands of the manipulators, which turned the short-sellers into fuel for the manipulators' 'blowout'.
4. Vertical Waterfall: 'A Mess of Feathers' After the Manipulators Harvest
The short-selling capital was continuously liquidated, providing ample 'fuel' for the manipulators. When the manipulators felt the timing was right, they chose to sell all their chips at once, causing a significant price drop that day. The characteristic of North American strong holders is that once they abandon the market, they do so completely, which is why WCT's price never regained its vitality thereafter.
Today, in a certain sense, the WCT Token has become a 'no-man's land'. However, who can say for certain whether Binance will become the ultimate holder?
