$OM
OM & MOVE MELTDOWNS EXPOSE DEEP RIFTS IN CRYPTO MARKET MAKING 🚨
Two of 2024’s most chaotic token implosions — Mantra’s OM crash and Movement Labs’ MOVE scandal — are shaking crypto’s market-making scene to its core.
OM nosedived over 90% in hours this April, with no visible catalyst.
MOVE saw $38M dumped via insider collusion between Movement Labs execs and their own market maker.
These weren’t just market failures — they revealed hidden actors, opaque unlocks, and off-book deals that blindsided investors.
In contrast to traditional finance, crypto market makers often wear multiple hats — liquidity providers, token investors, advisors, even deal brokers. That overlap leads to murky waters where tokenomics and politics collide.
Now, firms are rethinking how they engage:
> “We now demand deeper strategic alignment, and embed safeguards to counter unethical behavior,” says Metalpha’s market-making team.
The lesson? In crypto, liquidity isn’t always neutral — and blind trust can be brutally expensive.
buy and trade here $MOVE .
