The WLD project's "cutting leeks" behavior has been exposed. What do you think?
The WLD project, which once attracted much attention, has now become a joke in the currency circle. The team behind it is like a greedy wolf, changing the rules of the game at will and playing with investors' hard-earned money at will. There is also a similar project BNX, which makes users go around in circles.
On June 30, the WLD project announced a shocking news to the market: from July 24, up to 6.62 million WLD tokens will be unlocked every day, equivalent to about 18 million US dollars, for 730 days. As soon as this news came out, the price of WLD plummeted.
When you reluctantly cut your losses and leave the market, the WLD project suddenly announced "good news": the unlocking time of ToolsforHumanity's WLD tokens will be extended from 3 years to 5 years. This news instantly detonated the market, and the price of WLD rebounded sharply.
This is the project party cutting leeks. First, it released bad news to force retail investors to hand over their chips, and then it absorbed a lot of chips at a low level. After the chips are sufficient, good news will be released to detonate the market, so that the contract players will lose all their money. This wave of "cutting leeks" operation is simply incisive.
According to data, the amount of WLD liquidation in 24 hours is as high as 6.73 million US dollars, setting a new record for a single-day liquidation this month. No one is spared, whether it is long or short.
This kind of project that changes the rules at will is a cancer in the circle. Where do they put the interests of users? If all projects in the currency circle are so reckless, then what credibility will this market have? Who will be the victim? Fortunately, I have inside information. We did not chase the rise and fall, just like BNX, from 0.90 to the current 1.6, an increase of 85%, WLD 1.85 to the current 3.25, an increase of 75%, the guys in the contract made a lot of money. Since it is other platforms, pictures are not allowed here. If the black fans want to see it, I can send it privately, including chat records.
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