
Crypto Squirtle/机灵的杰尼君|Apr 15, 2025 13:47
This year, it is evident that there are increasingly more issues arising from project parties and market makers. From the collapse of GPS market making at the beginning of the year to the recent OM flash crash, they have all revealed the deep-seated credit/liquidity crisis in the industry.
And the number of over-the-counter (OTC) transactions from project parties has increased several times compared to the past. Many project parties have actively contacted to sell tokens at prices lower than 50% of the market price, although there are complex unlocking conditions.
Can't make money at the second level, just ship directly at the first level? The tendency of project parties/market makers to kill the chicken for the egg is becoming increasingly apparent. And recently, there have been frequent market making operations such as deep penetration and sudden drops in liquidity, making it difficult to say that the project party was completely unaware throughout the entire process.
It's uncertain who the black hand is, but what's certain is that there's really a problem with this market.
I still hope that Binance @ binancezh can bring more regulation and standardize this market in the future@ heyibinance @cz_binance 🫡
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