🧵 How Chinese and Korean traders farm @binance Alpha Points – a thread
1. While some in the Indonesian CT scene say:
> “Devs cari users bukan gembel,”
But the reality is:
Many so-called “users” are simply treating the community as exit liquidity. Binance users, in particular, often sell their entire token holdings down to zero.
Let’s break down how the Chinese traders are doing it 👇
2. I’ll tag @binance to show how some Chinese wallets are farming Alpha using a very structured method.
3. Here's what they do:
🔹 Set slippage to 0.01%, 0.03%, or 0.05%
🔹 Load wallet with $1,000 – $1,500 USDT
🔹 Swap: USDT → KOGE
🔹 Then KOGE → ZKJ (no need to swap back to USDT)
🔹 Repeat swapping KOGE ↔ ZKJ , ZKJ ↔ KOGE up to 10x - 11x
Result: $10K–$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, they’re wash trading, but only between two tokens: KOGE ↔ ZKJ , ZKJ ↔ KOGE and will count for volume
They’ve 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:
🔹 Buy ZKJ at 2.00910
🔹 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 it’s 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.
In way bigger news than the Switch 2 launching, we are officially partnering up with @Somnia_Network to take Sparkball and our @liveSparkadia ecosystem to the next level.
We accidentally met @0xPaulThomas months ago at EthDenver and talked with him about Web3 Gaming for 5 minutes before we knew who was who. Hundreds of conversations at conferences, but some stick with you the next week - that was clearly someone who saw this space the same way we did.
We’re already kicking into HIGH VOLTAGE with Somnia, with multiple game nights and reward campaigns leading into Steam Next Fest (next week!).
Their team has moved LIGHTNING fast and already massively overdelivered on tight timelines. If the last couple weeks are any indication, we’re about to do some great things together.
Today is a slow news day for Sparkball compared to tomorrow, we are just getting started. Until then, welcome to our new Sparkniacs? (Niaballers? Somballs?)!
Here’s a quick brief on who we are:
@playSparkball = 4v4 sports brawler on PC. It’s REALLY fun and you should come play with us
@liveSparkadia = Our IP, ecosystem platform, and community. Adds all new ways to engage with the gameplay of Sparkball
BE OPTI = A better world can be PLAYED into existence. Be positive, make friends, and help Sparkadia be a happy community, not a toxic one.
Only one thing left… LET’S PLAY SPARKBALL!!!
This Weekend’s Somnia Quest: #SomniaHorror 👻
What scared you as a kid? This week, we’re bringing your childhood nightmares onchain...
The theme:
Horror NFT Art - “Childhood Fears”
This quest was designed by @vietcong6868, huge shoutout for the spooky inspiration!
Create an NFT inspired by what used to haunt you!
Mint it on @NFTs2Me , bring it to X, and tag it #SomniaHorror
Let’s bring fear to the chain. Scary. Creative. Fun. All weekend long.
...and the best part: top 10 NFTs with most mints will get 20 USDC reward each and a WL spot for some of our upcoming NFT drops!
Every action in @Somnia_Network will now shape your onchain identity — and power your reputation.
RubyScore is integrating its reputation protocol into the Somnia ecosystem to track real user contributions.
Soon, you'll be able to analyze your onchain activity, monitor your progress, and build a transparent, personalized reputation.
Stay tuned👀
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We’re excited to officially launch @SomniaYappers, a new X profile dedicated to celebrating and amplifying the voices of our most passionate community members and Yappers.
@AmnisFinance a liquid staking platform on @Aptos partnered with @HirayaNetwork for a thrilling airdrop. Users rushed to participate, eager to earn a coveted Supporter NFT. With the campaign ending May 6, excitement surged as the deadline loomed.
#AmnisFinance#HirayaNetwork