DeFiance Capital Founder: The collusion between projects and market makers to manipulate prices is the biggest problem currently troubling the crypto market.

PANews reported on April 15 that Arthur, founder and chief investment officer of DeFiance Capital, posted on the X platform that the biggest problem currently plaguing the liquid cryptocurrency market is how projects and market makers can cooperate to create artificial prices that can be maintained for a long time, and this process is completely in a black box state. You can’t tell if the price is determined by real supply and demand, or simply because the project and market makers collude to manipulate the price to achieve other goals. Incredibly, centralized exchanges (CEXs) are completely blind to this, and the altcoin market is increasingly becoming a “lemon market” with a lack of confidence. Not to mention that the pricing of most token initial offerings (TGEs) this year is nothing short of a joke, they fell by 70% to 90% within a few months of listing, and anyone who bought suffered huge losses. If the major players in the industry do not step up to improve the situation, a large part of the market will remain unattractive for investment for the foreseeable future.