TechFlow News, March 10 — Victor Ji, co-founder of Manta Network, criticized crypto market makers on social media, calling them "parasitic leeches." He said the team receives daily unsolicited offers from so-called active market makers and OTC desks to buy or acquire tokens, but in his view, these market makers "don't look at project fundamentals at all" and merely profit from project communities.
Victor Ji warned that if an increasing amount of capital in the industry continues to ignore fundamentals, the industry's collapse will accelerate—and market makers are the most blatant offenders. He emphasized that real liquidity should come from genuine community trading, reflecting natural bullish and bearish sentiment in the market.
He also revealed early experiences, stating that during its Polkadot-era phase, Manta's project Calamari once allocated over 3% of its tokens to Three Arrows Capital for market making, but the firm subsequently dumped all the tokens. Victor Ji advised projects concerned about insufficient liquidity to consider offering loans instead, but limited to no more than 0.2% of total token supply.
