Manta Joint Venture: Market makers are "blood-sucking borers", and ignoring fundamentals by funds will accelerate the collapse of the industry
According to online reports, Victor Ji, co-founder of Manta Network, posted a post on social media criticizing crypto market makers, calling them "blood-sucking worms." He said that the team receives invitations to buy coins and acquire coins every day from so-called active market makers and OTC, but he believes that market makers "do not look at the fundamentals of the project at all" and just profit from the project community. Victor Ji 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 ignore fundamentals. He emphasized that true liquidity should come from real community transactions, reflecting the bullish and bearish sentiment of natural markets. He also disclosed his early experience, saying that Calamari, a project owned by Manta, had provided more than 3% of the tokens to Three Arrow Capital for market-making during the Boka Ecosystem period, but the other party subsequently sold all the tokens. Victor Ji suggested that if project parties are worried about insufficient liquidity, they can consider providing loans, but the scale should be controlled to no more than 0.2% of the total amount of tokens.
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