TechFlow news, on April 15, Arthur, founder of DeFiance Capital, posted on social media pointing out that the biggest issue in today's crypto liquidity market is the completely opaque cooperation between project teams and market makers, which could lead to long-term price manipulation through collusion. He stated it is currently difficult to determine whether asset prices are driven by genuine supply and demand or manipulated by project teams and market makers pursuing specific objectives.
Arthur emphasized that centralized exchanges have turned a blind eye to this issue, causing token markets to gradually become markets lacking confidence. He noted that most token generation events (TGEs) this year have been unreasonably priced, with prices plunging 70–90% within months after listing, resulting in significant losses for buyers. If key industry participants do not take action to improve the situation, the market will likely remain unfriendly to investment in the foreseeable future.
