Manta Joint Creation: Market makers are the least concerned about fundamental "bloodsuckers", and true liquidity should come from community trading

金色财经|Mar 10, 2025 06:19
According to Golden Finance, Victor Ji, co-founder of Manta Network, criticized cryptocurrency market makers on social media, calling them "bloodsucking worms". He stated that the team receives daily invitations to buy and acquire coins 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 only profit from the project community.
Victor Ji believes that if more and more funds in the industry do not pay attention to fundamentals, the speed of industry collapse will accelerate, and market makers are the most blatant group of people who do not pay attention to fundamentals. He emphasized that true liquidity should come from real community trading, reflecting the bullish and bearish sentiment of the natural market.
He also disclosed early experiences, stating that Manta's project Calamari had provided over 3% of tokens to Three Arrows Capital for market making during the Polkadot ecosystem period, but the other party subsequently sold all the tokens. Victor Ji suggests that if the project team is concerned about insufficient liquidity, they can consider providing loans, but the scale should be limited to no more than 0.2% of the total tokens.
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