Something interesting happened recently, the market maker for GPS
, without informing the team, went directly to the small account to dump it. The passive market maker is GSR, and the active market maker is Web3port, with the Shanghai team. Domestic market making is either in Hangzhou or Shanghai, and currently, the relevant BN accounts have all been frozen.
Blocking market makers, this should be the first time, right? I think this is a huge setback. The attractive aspect of this market is the unregulated surges and drops; if market makers dump, it's not the market maker's fault. The fault completely lies with the project parties and major exchanges. If there is something truly valuable, the price drop should make the community happy, as it creates an opportunity to acquire more chips.
If something is worthless, why are you investing in it? Isn't it just to let retail investors take the losses?
If market makers are blocked for continuously dumping, should those that continuously pump and exploit shorts also be blocked?
Here’s a project controlled by this market maker, take note