2026-01-02 16:21:39

Recently, I've been observing a rather outrageous phenomenon: some projects treat trading platforms as automatic cash machines. Take the case of WCT, for example. Since its launch, it has dropped 17 times, but during this process, it exploited various platform benefits, new listing subsidies, and trading rebates to drain resources completely, then turned around and started dumping. The level of absurdity in this operation truly warrants a thorough analysis.

First, let's discuss how they do it. When WCT first launched, they attracted traffic with a bunch of seemingly impressive concepts. Then, during the platform's new coin support period, they grabbed subsidies. Immediately afterward, they turned hostile. Early retail investors who followed the trend were trapped with losses of more than ten times. Some might think, "It's fallen so much, maybe it's time to buy the dip?"—don't. The recent rebound in trading volume is actually the biggest trap.

I've been observing these kinds of projects for a while and found that they follow certain routines. First, they precisely target the platform's benefit cycle. Think about it: to promote new projects, platforms tend to favor traffic and offer subsidies during listing periods. These projects just wait for this window. Once the benefit period ends, they immediately change their stance, dump their holdings, and turn platform resources into their own profits.

Secondly, there's the "illusion of volume." Recently, WCT's spot trading volume hit 20 million USD, and derivatives reached 460 million USD—looks lively, right? But if you dig deeper, it's highly likely that the project team is buying and selling among themselves, with the same hands moving money back and forth, creating a false expectation of a rebound. I checked historical data, and whenever such projects see a surge in volume, it's often the last frenzy.

WCT0,91%

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TopBuyerBottomSeller

· 6h ago

Buying and selling on your own is such a low trick, do you really think retail investors can't see through it? --- It's the same old trick of harvesting during the bonus period, the platform should learn a lesson. --- Dipped 17 times and still dare to rebound? Wake up, this is just a distribution rhythm. --- I knew why the volume suddenly surged, turns out it was just left hand giving to the right hand. --- Bottom fishing? Bro, are you trying to buy below the floor? --- Precisely timing the bonus cycle, these guys are better at playing than I am. --- False prosperity is the most disgusting. 20 million in spot holdings paired with 460 million in contracts, all the data is fake. --- When the platform throws subsidies, they get completely exploited. This business is unworkable. --- Early retail investors following the trend are really miserable, trapped in over ten times leverage. --- Once this trick is out, don't bother trying to bottom fish. Just wait until the clear-out is done.

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NftRegretMachine

· 6h ago

I see that WCT is just a typical pump-and-dump scheme, daring to rebound with volume after a 17x drop, which is really outrageous. I've seen the tricks of buying and selling oneself many times. Now, whenever I see such suddenly volume-boosted coins, I just avoid them. Platforms should also be more cautious and not always be fooled by these projects. There are too many traps. I only buy projects with real fundamentals now; everything else is gambling. Such projects should be permanently delisted from trading pairs to prevent further scams. Bottoming out is the biggest test of intelligence. If it drops so much and you still want to buy the dip, you deserve to lose. History always repeats itself. Will anyone learn to be smart this time? Anyway, I don't believe it anymore. Once you see through it, it's just a bloodsucking machine.

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BitcoinDaddy

· 6h ago

It's the same old trick, I've seen it too many times. The routine of buying and selling oneself is really everywhere. WCT this time is truly disgusting; it's uncomfortable that the platform is being taken advantage of as a big sucker. Bottom fishing? Laughs. That's the real investment trap. Falling 17 times and still increasing volume, a typical sign of a last-ditch effort before collapse. The routines are all the same, it just depends on who gets cut faster. Seeing that 460 million in trading volume, I knew there had to be some tricks. This rebound is just the final harvest; no one can save it. As soon as the platform's benefit period ends, they come to siphon blood, really speechless. Retail investors are still dreaming, while the project team has already washed their hands of it.

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AltcoinTherapist

· 6h ago

This scam script is really terrible, and they even add more to buy and sell themselves to create fake trading volume. The platform should also reflect and reconsider.

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ProtocolRebel

· 6h ago

Haha, I've seen this script of scamming retail investors more than once, it's really annoying. A typical vampire project, the platform is just its cash machine. Those who are trapped... are also quite helpless, but this is the crypto world. Self-buying and self-selling to create volume, I've seen this kind of operation many times, stay alert, you can't go wrong.

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OnchainHolmes

· 6h ago

It's the same old trick again. WCT's recent moves are truly impressive, treating the platform like a printing machine. All those fake trading volumes behind the 17x decline are obviously fake. Wait, that self-buying and self-selling method... it seems many new coins are playing the same game. People who are bottom-fishing probably all ended up as bagholders now. The platform really should pay more attention to these kinds of projects. Derivatives worth 460 million? I think around 400 million of that is fake. When will projects that blatantly cut leeks like this be regulated? Looking at the lively trading, it's actually just buy and sell between the same hands. The WCT story is repeating itself, and people are still getting scammed. Interestingly, all those concepts promoted early on have now become jokes.

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SelfCustodyIssues

· 6h ago

Fake volume at a glance, the project team’s typical move of passing things from left to right, I've seen it too many times. That’s why I never touch new coin launch subsidies and benefits—there’s no such thing as a free lunch; the profits come from the investors. A 17-fold decline still bouncing back? Wake up, this is when the tricks are at their deepest. The platform’s support period is just the project team’s harvesting window; it’s high time someone explained this clearly. Pump and dump, creating fake transactions—this script is completely rotten. Why are people still falling for it? Self-buying and selling to pump the price, derivatives worth 460 million? Haha, it looks intimidating but it’s just a numbers game. Falling so much is actually more dangerous; don’t be fooled by the idea of "bottom fishing"—it’s just a bait.

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