Once upon a time, in the wacky world of digital coins, a rather cheeky chap named Arthur Cheong, the big cheese at DeFiance Capital, decided to blow the whistle on some rather dodgy dealings! He took to the magical land of social media, where he proclaimed that the crypto market was as clear as mud! 🥴
Arthur, with a twinkle in his eye, warned that the prices of these shiny tokens were being juggled by market makers and centralized exchanges (CEXs) like a circus act gone wrong! 🎪 He claimed that investors were at risk of being led down the garden path, with prices that were as real as a chocolate teapot! 🍫☕
Crypto Market Manipulation Allegations
According to our hero, the coordination between crypto projects and market makers had created a “blackbox” scenario. It was like trying to find a needle in a haystack while blindfolded! 🧙♂️ Investors, both big and small, were left scratching their heads, wondering if the prices were genuine or just a clever ruse. 🤔
Arthur was not shy about his feelings, declaring that this sneaky behavior could turn the whole crypto market into a no-go zone for investors. Yikes! 🚫
The biggest problem plaguing the liquid crypto market now is the complete blackbox of how projects and market makers can work together to create an artificial price that can sustain for a very long period.
You don’t know whether the price is a result of organic demand & supply…
— Arthur (@Arthur_0x) April 14, 2025
He pointed out that tokens launched through Token Generation Events (TGEs) were like balloons that popped too soon, losing a whopping 70% to 90% of their value faster than you can say “crypto catastrophe!” 🎈💥
If the big players in the industry don’t step up to improve this, large part of the market will remain uninvestable for foreseeable future.
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The remaining 88%? Well, they were like a bad magic trick, disappearing faster than you can say “abracadabra,” with losses ranging from 19% to a staggering 90%! 😱
This shocking news sent ripples through the crypto community, with some brave souls calling on Binance and other exchanges to step up and demand more transparency. “Do the right thing!” they cried, as if they were in a soap opera! 🎭
CEXS should demand more transparency and disclosure before they list stuff. Hey @binance @coinbase maybe is crime szn with Trump. But the party will end sooner or later, and in EU it will get stricter so might as well start self-governing. You giving the industry a bad name.
— xKix – e/acc (Zack) (@0x_zak) April 14, 2025
On the flip side, some skeptics believed that most cryptocurrencies were as valuable as a chocolate fireguard! 🍫🔥 A user named Kun boldly declared:
It’s not an issue because if it was worth it you buy it If the value of a crypto business token relies on price that’s not investing but speculation only Most tokens are inherently worthless and people don’t know why they should own anything.
And so, the tale of the crypto market continues, filled with twists, turns, and a sprinkle of absurdity! 🎢
Featured image created DALL-E, Chart from TradingView
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2025-04-16 13:45