When whales and MMs control the game too much, it leads to a situation where players lose confidence.
How many new coin projects are released and listed every day? After Binance's announcement to join the altcoin festival, there was a crash to the ground early the next morning.
The value of coins was reset to a super low level. Players and buyers suffered deep losses, futures fees were lost and 30% of the value was compensated. Then came a series of days of intentional dumping of high-value coins back to low value. Small and medium investors seem to have lost confidence in this electronic market as well as gradually losing confidence in the exchange. If one day players leave, will the big guys still make money from small investors?
Will MMs, big guys and exchanges reap their own profits???
The scenario of the new society now they have a choice, the more the exchange manipulates the price, the more the player loses trust.
In Vietnam there is a very special principle, market manipulation and the player's interests are greatly affected.
The party causing the consequences can be accused and investigated.
So the big guys in the cryptocurrency industry should pay attention to this issue.