The History of Cypto Manipulation: The "Love and Hate" between market Makers, project teams and Exchanges
Author: Guangwu, Founder of Canoe Source: https://m.techflowpost.com/article/1945 Former head of trade at FTX, @octopuuus, mentioned on the podcast that one perspective I’m interested in is the institutional perspective of market makers, “the history of banker manipulation”. I’ll start by summarizing what he mentioned about Alamenda’s aggressive market maker style, and then add some other models that I’m aware of from the last cycle, especially the relationship between the project side and the market maker. The market makers mentioned in this article only refer to the part of the business that is associated with the exchange and the token of the project side. Institutional trading perspective From an institutional perspective, there are two main ways to control a token: Strong banker control In the case of good project fundamentals, select a target to start operation (project side may/may not know, it doesn’t matter) The first stage(Accumulate): typical trend is to accumulate tokens at...