Synthetix founder: Although market makers manipulating coin prices can bring short-term liquidity, it is detrimental to the long-term development of the token
Synthetix founder Kain Warwick shared his views on market makers, pointing out that some manipulate prices through low-liquidity markets, take advantage of loans and options arbitrage, and even sell discounted tokens before Token Generation Events (TGEs) to quickly dump them after driving up the price. He mentioned that Synthetix was once manipulated by DWF Labs, which brought short-term liquidity but was detrimental to the long-term development of the token. He called on investors to be wary of projects sending large amounts of tokens to market makers and demanded more transparency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Castle Island Ventures Partner: L2 is too greedy, leading to poor performance of Ethereum
Trending news
MoreCrypto prices
More








