Manta Lianchuang: Market makers are "blood-sucking borers", and funds ignore fundamentals will speed up the industry's collapse
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3 hours ago 6,716
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According to Golden Finance, Manta Network co-founder Victor Ji posted a message on social media to criticize crypto market makers, calling them "a blood-sucking borer." He said that the team receives invitations to buy coins and acquisitions from so-called active market makers and OTCs every day, but he believes that market makers "do not look at the slightest fundamentals of the project" and only make profits from the project community. VictorJi believes that if more and more funds in the industry do not pay attention to fundamentals, the industry's collapse will accelerate, and market makers are the group of people who blatantly do not pay attention to fundamentals. He stressed that true liquidity should come from real community trading, reflecting the optimistic and bearish sentiment of the natural market. He also disclosed his early experience, saying that Manta's project Calamari provided more than 3% of tokens to Sanjian Capital for market making during the Polkadot ecological period, but the other party then sold all the tokens. VictorJi suggests that project parties may consider providing loans if they are worried about insufficient liquidity, but the scale should be controlled at no more than 0.2% of the total amount.