The crypto market has once again staged a shocking scam. A person claiming to be a well-known token developer boasted that they made $18 million in one month with just $1,000. The story sounds like a feel-good story and has attracted a large following.

Let's see how he operated. First, he displayed a wallet address to create a "transparent and trustworthy" persona. Then, on December 29, 2025, he released a major trading record: buying a certain token with $500, and within two days, showing a paper profit of $700,000. The accompanying promotion was "1400x Alpha Trading Return," inviting followers to join the community and copy trades.

It sounds like a rare opportunity, but this is exactly where the trap lies. Within a few days, the price of this token plummeted by 99.99%. Following retail investors lost everything overnight.

By tracking on-chain data through a blockchain explorer, the truth surfaced. The large early transaction addresses of the project perfectly matched the subsequent manipulation pattern. This was not some divine Alpha opportunity, but a carefully designed scam cycle. From creating a persona and building a sense of transparency, to publishing enticing performance reports and attracting followers to copy trades, and finally the price collapse—every step was calculated.

Such scams are common in the crypto market, but someone always falls for them. The key is to learn how to interpret on-chain data, not be fooled by narratives, and stay alert to the trading logic behind the targets.