๐งต How Chinese and Korean traders farm @binance Alpha Points โ a thread
1. While some in the Indonesian CT scene say:
> โDevs cari users bukan gembel,โ
But the reality is:
Many so-called โusersโ are simply treating the community as exit liquidity. Binance users, in particular, often sell their entire token holdings down to zero.
Letโs break down how the Chinese traders are doing it ๐
2. Iโll tag @binance to show how some Chinese wallets are farming Alpha using a very structured method.
3. Here's what they do:
๐น Set slippage to 0.01%, 0.03%, or 0.05%
๐น Load wallet with $1,000 โ $1,500 USDT
๐น Swap: USDT โ KOGE
๐น Then KOGE โ ZKJ (no need to swap back to USDT)
๐น Repeat swapping KOGE โ ZKJ , ZKJ โ KOGE up to 10x - 11x
Result: $10Kโ$16K in volume with $3 in daily fees.
4. Why are KOGE & ZKJ so stable?
The stability of KOGE / ZKJ comes from concentrated liquidity in a single pool: KOGE-ZKJ.
Chinese traders consistently add liquidity only to this pool, as it captures the majority of trading volume. They tend to avoid other tokens due to high fees and significant price volatility.
5. Essentially, theyโre wash trading, but only between two tokens: KOGE โ ZKJ , ZKJ โ KOGE and will count for volume
Theyโve turned these two into a farming loop with minimal risk and stable prices.
6. On Alpha Market, they even use limit orders to minimize fee:
๐น Buy ZKJ at 2.00910
๐น Sell at 2.00950
Almost no loss..
7. Why does the volume not flow into other tokens?
Because only ZKJ & KOGE are perceived as safe for this strategy.
Other tokens = high fees + risk of dumping.
8. How much longer will this cycle continue?
Farmer from chinese join, take what they can, dump their bags, and leave , while pretending to be part of the community. When does it stop?
Binance Alpha looks advanced, but itโs easily manipulated by a certain group.
They generate fake volume with low fees on wash trade.
No wonder so many Chinese farmers exploit it, Binance lets it happen to make the volume look real.
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