The brilliant operation of Justin Sun can be regarded as a textbook example of harvesting: Step one, he first tweeted to feign concern for the market, urging everyone not to flee and assuring that he wouldn’t dump, stabilizing emotions for a better catch; Step two, HTX launched a coin deposit activity with an annualized rate of 20%, which attracted a lot of retail investors to deposit their WLFI, playing right into his hands; Step three, Justin Sun secretly transferred users' deposits to Binance through multiple addresses to dump and sell, while the visible wallet showed no action, but in reality, the dumping had never stopped, and the market was none the wiser, truly a god-level control of the market trend; Step four, when users wanted to redeem on HTX, Justin Sun transferred the coins from his own wallet to HTX for redemption, making everything seem normal. In summary: the wallet appears clean and flawless, but in reality, the coins have been sold off completely, with all the money going into Justin Sun's pocket, while he maintains a "stabilizing presence" as a keepsake. It’s truly a one-step process of deceiving, harvesting, and emptying, making it a living textbook in the crypto world.
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The brilliant operation of Justin Sun can be regarded as a textbook example of harvesting: Step one, he first tweeted to feign concern for the market, urging everyone not to flee and assuring that he wouldn’t dump, stabilizing emotions for a better catch; Step two, HTX launched a coin deposit activity with an annualized rate of 20%, which attracted a lot of retail investors to deposit their WLFI, playing right into his hands; Step three, Justin Sun secretly transferred users' deposits to Binance through multiple addresses to dump and sell, while the visible wallet showed no action, but in reality, the dumping had never stopped, and the market was none the wiser, truly a god-level control of the market trend; Step four, when users wanted to redeem on HTX, Justin Sun transferred the coins from his own wallet to HTX for redemption, making everything seem normal. In summary: the wallet appears clean and flawless, but in reality, the coins have been sold off completely, with all the money going into Justin Sun's pocket, while he maintains a "stabilizing presence" as a keepsake. It’s truly a one-step process of deceiving, harvesting, and emptying, making it a living textbook in the crypto world.