Hi guys, it's Alex from TokFlow again! In the previous section, I analyzed the RACA's steps to pump the prices and how market makers manipulated the community with media tricks. In part 2, I'm going to shed light on the end of the whole pump phase with a lot of striking evidence and most importantly how Radio CACA handled the media in the post-pump phase from the beginning of this year till now. After going sideways for about 2 weeks at the price of 0.003-0.004, the development team rapidly set RACA price at an unexpected ATH level.
1. To the moon
On November 8, RACA proclaimed it would develop the Cyber Security Training Centre inside USM, an office located near SpaceX's headquarters. Besides, RACA also organized the airdrop program of 300 eggs and 10,000 DAU Milestone – an extremely valuable gift on the occasion of the project announcing a series of fascinating information. The community became so thrilled that the number of people joining the project had shot up. The developers continued to pamper the "contentment" of the community by announcing the burning of 300 million RACA and another 200 million RACA airdrops to all MPB owners on the same day (November 12, 2021).
Two days later (November 14, 2021), RACA price successfully reached ATH at 0.0119888 in the tremendous excitement beyond suspicion of the community. Do you still remember the lowest price of RACA just about 7 months ago? Within more than half a year, developers had successfully pumped the price of a low cap coin 630 times higher.
2. A mass of evidence that MM pumped and dumped token
Some may wonder that RACA has developed comprehensively in terms of both marketing and project, so the sharp increase in RACA prices is entirely driven by the power of the community without deliberate manipulation? Our TokFlow team has developed an AI that tracks hundreds of MM wallet labels with total transactions worth tens of billions of RACA, and here is the proof:
(TokFlow Channel)
I really take my hat off to the marketing and project development strategies of Radio CACA's team. A perfect plan without a bit of a loophole or suspicion from the community, and the ATH price (0.0119888) that the developers chose to fake is also a pretty nice number to make them satisfied and move on to the next phase - Dump.
The question is how they pumped the token without shocking the market, or making the community criticize and boycott the project when using a lot of big names to PR for it. In fact, those wise whales and market makers never wait for a spike in price to start pumping. Instead, they gradually dumped while pumping the price without making the community notice.
I'll take the example of a wallet address with suspicious performance which is called wallet A: 0x9e8451158086ba066d93c11d8d4b6e1969bcbc8d:
(by TokFlow AI)
According to TokFlow analytics, wallet A received money from Dev on September 7, 2021. Therefore, I suspect this is a wallet label controlled by the Dev team.
To clarify this, I also checked the source of the wallet label 0xc99e4e934f1ddd2e3e03ffe38fe862ab5d6139be transferred to wallet A on August 24, 2021. Not surprisingly, it turned out that the amount of RACA also came from Dev, then it was broken down and transferred to a lot of other wallets:
(by TokFlow AI)
So after receiving token from 2 sources of Dev, wallet A held the token until mid-October and began to make a lot of orders transferring the token:
( by TokFlow AI)
I will randomly view a transaction of wallet A transferred 200K RACA to the wallet 0x241ab55768da608196f4cd2d63f5dbc07415b1a2 on October 7, 2021 to see the real purpose of this transaction. Here's what I found:
(by TokFlow AI)
From this I came to the conclusion: wallet A received a large number of tokens from Dev's sources then made a lot of orders transferring money to other sub-wallets to place the sell-off orders, which shows a fairly obvious dump behavior of the developers.
During the tracing process, the TokFlow team tracked down how the developers erased the trace of the token’s origin by pushing the token to the exchange, then transferring the token to another wallet address that "only God knows" whether it was a real user wallet or Dev wallet. But nothing can cover the eyes of the community or TokFlow AI, I will give you an example of another wallet label: (0xe4850258b8699bbd7b1cb337b6023c6b979e5808)
(by TokFlow AI)
The aforementioned is a regular wallet label, but could it receive tokens simultaneously from both exchange and Dev? This is the proof that the Dev team could transfer money to the exchange, and then wipe out the trace by transferring to another wallet and transferring a few rounds to many other wallet labels to dump. My team - TokFlow has counted hundreds of wallets with similar transactions which indicate that the number of tokens dumped to the community was not negligible at all (in particular, these wallets showed signs of dump when the project had good news). In addition, it is also easy to notice the behavior of Dev breaking down the tokens into wallets and staking for rewards.
(TokFlow Channel)
All of the above wallets show suspicious signs of receiving billions of RACA from the exchange and then selling in equal amounts. I will check for you wallets that have dumped more than 7.5 billion RACA:
(by TokFlow AI)
Take a look at some of the highlights from this wallet address 0x431731d312dffa688a37d81af8874a58776eacfd as follows: The total transaction of the wallet includes:
(by TokFlow AI)
=> As such, they continued to be pushed onto Gate.io or Mexc.com exchanges. And as analyzed above, this is a form of token erasure used by developers or market makers to make MM wallets up as regular user wallets that blinds the community. And with just one wallet label, the market makers have successfully dumped nearly tens of billions of tokens, so with the list of hundreds of wallets we found, the number is truly mind-boggling.
3. Handling of community crisis in post-dump phase
I know that, up to now, RACA has been quite successful as the rest of the community of the project is still having a lot of faith in the development team, with the belief that this is just a stage of technology adjustment and upgradation, and one day they will reclaim.
The token price was pushed back to 0.0047 on December 23, 2021, and dropped continuously for the next month to 0.0018 until January 22, 2022.
I suppose, at this time, the dump phase of the developers is almost complete. However, the game of cat and mouse is not over. RACA continued to perform Pump and Dump on the tokens for the next 2 months to maintain trust in the community and "suck the blood" as much as possible.
In late January and early February 2022, RACA's media buzzed with news:
On March 28, 2022, the developers announced an airdrop of 680 million RACA market fees for all MPBs. This served as the last gift that market makers gave to the loyal communities at 0.0027 before the price continued to divide 9 more times until now.
Currently, the price is trading in the range of 0.0003-0.0004. Market makers continue to show their efforts to fix and improve the project's mechanism, while communities whose assets have been divided several times are still holding on to hope that one day the project will thrive again. I've noticed that there are still signs of Dev, MM or sharks collecting tokens in recent times:
(TokFlow Channel)
I don't know if this is good news for those who are still hoping for a rebound or it’s the doubt that RACA developers just quietly manipulate the market and will once again steer the RACA boat out to sea for some more fish?
I'm going to give this answer to the traders, but for me Alex and the TokFlow team - every trick can be exposed!
Want to analyze hot tokens? Let’s join our TokFlow Community to make your suggestions! We’re glad to be able to help you!
1. To the moon
On November 8, RACA proclaimed it would develop the Cyber Security Training Centre inside USM, an office located near SpaceX's headquarters. Besides, RACA also organized the airdrop program of 300 eggs and 10,000 DAU Milestone – an extremely valuable gift on the occasion of the project announcing a series of fascinating information. The community became so thrilled that the number of people joining the project had shot up. The developers continued to pamper the "contentment" of the community by announcing the burning of 300 million RACA and another 200 million RACA airdrops to all MPB owners on the same day (November 12, 2021).
Two days later (November 14, 2021), RACA price successfully reached ATH at 0.0119888 in the tremendous excitement beyond suspicion of the community. Do you still remember the lowest price of RACA just about 7 months ago? Within more than half a year, developers had successfully pumped the price of a low cap coin 630 times higher.
2. A mass of evidence that MM pumped and dumped token
Some may wonder that RACA has developed comprehensively in terms of both marketing and project, so the sharp increase in RACA prices is entirely driven by the power of the community without deliberate manipulation? Our TokFlow team has developed an AI that tracks hundreds of MM wallet labels with total transactions worth tens of billions of RACA, and here is the proof:
(TokFlow Channel)
I really take my hat off to the marketing and project development strategies of Radio CACA's team. A perfect plan without a bit of a loophole or suspicion from the community, and the ATH price (0.0119888) that the developers chose to fake is also a pretty nice number to make them satisfied and move on to the next phase - Dump.
The question is how they pumped the token without shocking the market, or making the community criticize and boycott the project when using a lot of big names to PR for it. In fact, those wise whales and market makers never wait for a spike in price to start pumping. Instead, they gradually dumped while pumping the price without making the community notice.
I'll take the example of a wallet address with suspicious performance which is called wallet A: 0x9e8451158086ba066d93c11d8d4b6e1969bcbc8d:
(by TokFlow AI)
According to TokFlow analytics, wallet A received money from Dev on September 7, 2021. Therefore, I suspect this is a wallet label controlled by the Dev team.
To clarify this, I also checked the source of the wallet label 0xc99e4e934f1ddd2e3e03ffe38fe862ab5d6139be transferred to wallet A on August 24, 2021. Not surprisingly, it turned out that the amount of RACA also came from Dev, then it was broken down and transferred to a lot of other wallets:
(by TokFlow AI)
So after receiving token from 2 sources of Dev, wallet A held the token until mid-October and began to make a lot of orders transferring the token:
( by TokFlow AI)
I will randomly view a transaction of wallet A transferred 200K RACA to the wallet 0x241ab55768da608196f4cd2d63f5dbc07415b1a2 on October 7, 2021 to see the real purpose of this transaction. Here's what I found:
(by TokFlow AI)
From this I came to the conclusion: wallet A received a large number of tokens from Dev's sources then made a lot of orders transferring money to other sub-wallets to place the sell-off orders, which shows a fairly obvious dump behavior of the developers.
During the tracing process, the TokFlow team tracked down how the developers erased the trace of the token’s origin by pushing the token to the exchange, then transferring the token to another wallet address that "only God knows" whether it was a real user wallet or Dev wallet. But nothing can cover the eyes of the community or TokFlow AI, I will give you an example of another wallet label: (0xe4850258b8699bbd7b1cb337b6023c6b979e5808)
(by TokFlow AI)
The aforementioned is a regular wallet label, but could it receive tokens simultaneously from both exchange and Dev? This is the proof that the Dev team could transfer money to the exchange, and then wipe out the trace by transferring to another wallet and transferring a few rounds to many other wallet labels to dump. My team - TokFlow has counted hundreds of wallets with similar transactions which indicate that the number of tokens dumped to the community was not negligible at all (in particular, these wallets showed signs of dump when the project had good news). In addition, it is also easy to notice the behavior of Dev breaking down the tokens into wallets and staking for rewards.
(TokFlow Channel)
All of the above wallets show suspicious signs of receiving billions of RACA from the exchange and then selling in equal amounts. I will check for you wallets that have dumped more than 7.5 billion RACA:
(by TokFlow AI)
Take a look at some of the highlights from this wallet address 0x431731d312dffa688a37d81af8874a58776eacfd as follows: The total transaction of the wallet includes:
- Source of tokens in: 2 exchanges (PancakeSwap and Gate.io) or some other wallet addresses such as: 0x98e8f871d814bfc5506b6cd4abeb3d05f809f8c5 (the source of money from this wallet address also came from the above 2 exchanges)
- Source of tokens out: in 2 ways: either sold right on PancakeSwap, or transferred to some wallet address, e.g.
(by TokFlow AI)
=> As such, they continued to be pushed onto Gate.io or Mexc.com exchanges. And as analyzed above, this is a form of token erasure used by developers or market makers to make MM wallets up as regular user wallets that blinds the community. And with just one wallet label, the market makers have successfully dumped nearly tens of billions of tokens, so with the list of hundreds of wallets we found, the number is truly mind-boggling.
3. Handling of community crisis in post-dump phase
I know that, up to now, RACA has been quite successful as the rest of the community of the project is still having a lot of faith in the development team, with the belief that this is just a stage of technology adjustment and upgradation, and one day they will reclaim.
The token price was pushed back to 0.0047 on December 23, 2021, and dropped continuously for the next month to 0.0018 until January 22, 2022.
I suppose, at this time, the dump phase of the developers is almost complete. However, the game of cat and mouse is not over. RACA continued to perform Pump and Dump on the tokens for the next 2 months to maintain trust in the community and "suck the blood" as much as possible.
In late January and early February 2022, RACA's media buzzed with news:
- 30/1/2022: The Blockchain Association of the University of Cambridge partnered with Radio Caca (RACA) to build education in the Metaverse world "Metaverse + Education", Empowering Education Reform, Promoting Educational Equality.
- 3/2/2022: The transaction fee on the NFT market was reduced to 3%.
- 6/2/2022:
Turkey 
Government 
announced it is actively looking into the Metaverse. At the same time, the MOST widely-distributed and famous local press & newspapers 
in Turkey are highlighting all great things about #RACA @USMverse
On March 28, 2022, the developers announced an airdrop of 680 million RACA market fees for all MPBs. This served as the last gift that market makers gave to the loyal communities at 0.0027 before the price continued to divide 9 more times until now.
Currently, the price is trading in the range of 0.0003-0.0004. Market makers continue to show their efforts to fix and improve the project's mechanism, while communities whose assets have been divided several times are still holding on to hope that one day the project will thrive again. I've noticed that there are still signs of Dev, MM or sharks collecting tokens in recent times:
(TokFlow Channel)
I don't know if this is good news for those who are still hoping for a rebound or it’s the doubt that RACA developers just quietly manipulate the market and will once again steer the RACA boat out to sea for some more fish?
I'm going to give this answer to the traders, but for me Alex and the TokFlow team - every trick can be exposed!
Want to analyze hot tokens? Let’s join our TokFlow Community to make your suggestions! We’re glad to be able to help you!