I have seen many projects recently using this method to cut leeks, and the process is simply industrialized.

After a 200% rise from the bottom, they no longer push higher but instead consolidate repeatedly at high levels. Then they create fake breakouts with upward and downward hits, creating an illusion of sufficient liquidity. Once this illusion attracts swing traders and high-leverage gamblers, they start to layout—everyone is betting on it breaking the previous high.

Once the long positions are stacked up, it's showtime: a false breakout, combined with 1.5x funding costs to intensify the damage, followed by two 15-minute K-lines that directly wipe out 100%.

Ironically, these projects tout "long-termism" and "cracking down on wash trading" every day, but their operational logic is to use a sickle for precise destruction. Those high-amplitude fluctuations look like natural market movements, but in reality, they are cover for dumping. This kind of play is a naked exploitation of human greed—those who chase the high with the trend ultimately become the bagholders.