No One Knows RACA Has Been Manipulating The Entire Community - Part 1by@alextokflow
1,690 reads🖨️

No One Knows RACA Has Been Manipulating The Entire Community - Part 1

July 16th 2022
7 min
by @alextokflow 1,690 reads🖨️
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This article casts light on the pump-and-dump scheme of RACA from A to Z by analyzing its transaction volume, suspicious wallet address and marketing strategy. The pump scheme was promoted in 3 stages: (1) get prepared with the pricing event to test the community's reaction to the media news; (2) manipulate the market and media as well as legitimizing the price surge; (3) employ marketing and community-oriented strategies to establish credibility and set up new ATH. It can be concluded that this project was over-hyped and the whole community was manipulated by the development team and market makers.

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