Talking to friends who are close to market makers can be understood as friends getting to know market makers. When you chat with your friends, you are not chatting with market makers. Who doesn't like to brag?
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Today I talked with friends who are close to $MYX market makers. I won't mention the big guy's name, but he has a great reputation in the industry. Specifically, the market making is handled by the big guy's underlings. Here’s a simple summary:
1. Market makers must never cut off platforms (like Binance). It's fine to only profit from retail investors; the profits can ultimately be taken away. Last time $ZKJ ended up cutting another platform for 60 million dollars, and they are still being pursued.
2. There are no special techniques; it's just a matter of dozens of addresses collecting funds a few months in advance, then pulling the spot market to attract attention, and based on the real-time long-short fee situation, repeatedly pushing up and pulling down. Aside from the fact that market makers have money, it really is simple and crude.
3. Market makers and project parties are not part of the same team, but their relationship is stronger than that of a team, like old friends who have known each other for many years.
4. The team operates 1-2 such targets every quarter and has been doing so for many years.
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