Manta Lianchuang: Market makers are the "blood-sucking borers" who pay the least attention to fundamentals. Real liquidity should come from community trading
Victor Ji, co-founder of Manta Network, attacked crypto market makers in a social media post, calling them "blood-sucking borers". He said the team receives offers to buy and acquire coins from so-called active market makers and OTCs every day, but he believes the market makers "don't look at the fundamentals of the project at all" and just profit from the project community.
Victor Ji believes that if more and more money in the industry does 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 emphasizes that real liquidity should come from real community trading, reflecting the bullish and bearish sentiment of the natural market.
He also disclosed his early experience, saying that Calamari, a project owned by Manta, had provided more than 3% of the tokens to Three Arrows Capital for market making during the Boca ecosystem period, but the other party then sold all the tokens. Victor Ji suggested that project parties who are worried about lack of liquidity can consider providing loans, but the scale should be controlled at no more than 0.2% of the total amount of tokens.