DEFIANCE CAPITAL FOUNDER WARNS OF RISING PRICE MANIPULATION AMID MANTRA AND STORY PROTOCOL CRASHES
https://crypto.news/app/uploads/2024/08/crypto-news-In-a-shaky-market-tokenized-RWAs-could-be-worth-their-weight-in-gold-option04.webp
✍️ Cheong warns that token prices are being artificially sustained by projects and market makers, creating a market where it's hard to distinguish between organic demand and manipulation.
👉 Projects and market makers are working together to artificially sustain token prices 👉 Centralized exchanges are ignoring the issue, creating a "lemon's market" 👉 Most recent token generation events have performed poorly 👉 A large portion of the cryptocurrency market will remain "uninvestable" unless the industry fixes its structural flaws
-- #Cheong #Mantra'sCEO #Dr.JanPhilippFritsche #X #OKX #Binance #Hyperliquid #technology
Loading quoted post…
