Manta Network’s co-founder, Victor Ji, recently voiced his concerns about market makers and OTC deals. Ji revealed his reluctance to engage with offers from market makers and OTC entities looking to purchase tokens. He condemned both active and passive market makers for their negative impact on projects, alleging that they overlook crucial fundamentals while actively participating in industry activities. Ji pointed out that these entities draw their funding from the community but fail to prioritize essential aspects, potentially hastening the industry’s downfall.
Market Manipulation Concerns Raised by Manta Network Co-Founder
Victor Ji’s critique sheds light on the often contentious role of market makers and OTC deals in the cryptocurrency space. His reservations about these entities’ practices underline the importance of transparency and integrity in the industry.
📉 Impact of Market Makers on Project Viability
Ji’s comments bring attention to the potential risks associated with market makers’ actions. By neglecting fundamental principles and focusing solely on short-term gains, these entities could jeopardize the long-term sustainability of projects.
⚡ Ensuring Industry Resilience Through Ethical Practices
The concerns raised by Manta Network’s co-founder emphasize the need for ethical conduct and responsible decision-making within the crypto ecosystem. Upholding integrity and prioritizing the community’s interests can contribute to a more robust and trustworthy industry.
🤔 Promoting Sustainable Growth in Cryptocurrency Markets
In light of Ji’s criticisms, stakeholders in the crypto space are urged to reevaluate their engagement with market makers and OTC entities. By fostering a culture of transparency and accountability, participants can help safeguard the industry against potential risks and promote sustainable growth.
As the crypto community reflects on the implications of market manipulation and non-compliance with fundamental principles, aligning actions with the industry’s long-term interests becomes paramount. Victor Ji’s stance serves as a reminder of the importance of ethical conduct and integrity in shaping a resilient and thriving cryptocurrency landscape.
#Cryptocurrency market integrity, #Market manipulation risks, #Cryptocurrency industry ethics