Howmuch was this coin when it first started trading?
around $1 when it hit the exchanges this forum.
according to the mods, a lot cheaper at ICO.
keep in mind this wasn't a typical ICO. from what I've read so far, it looks like they just started selling them on binance. WTC seems to have a deep relationship with binance, which means they would both have to be in on the scam...
but anyway maybe they didn't sell anywhere near all 100MIL tokens. they put the price at 60 cents, instead of 6 cents for a sell-it-all ICO. so they charge 10x and trickle the coins out as people buy them. so the WTC guys would still control the vast majority of the tokens. this would enable them to pump, dump, manipulate as they see fit, and binance could possibly help to hide it.
all speculation of course.