Manta co-founder: Market makers are all parasites, and if there is indeed a demand, at most only 0.2% of the coins can be lent out.

Odaily Planet Daily reported that Manta Network co-founder Victor Ji posted on X, saying: "We basically receive so-called invitations for active market-making and OTC buy and acquisition of coins every day, and my attitude is to just stay put. Market makers, whether active or passive, are in my eyes nothing but parasitic bugs; they do not consider the fundamentals of the projects at all. However, every time there is a meeting, these people are very proactive in attending events, and the bosses are wealthy beyond belief. Why? Because this money comes from the community of the projects. If in this industry, more funds do not pay attention to the fundamentals, then the collapse of this industry will come faster, and market makers are the most blatant group that ignores the fundamentals. I believe that liquidity comes from real community trading; whether you are bullish or bearish is just natural market behavior. If market makers are willing to participate, they can buy coins in the market to gain positions."

Victor Ji further added: "If some project founders are worried about insufficient liquidity but are unwilling to spend money on a retainer, my suggestion is to consider a loan, but the size must be minimized. In the early days of the Polkadot era, Calamari was asked by Three Arrows to provide over 3% of the tokens, and those guys immediately sold the coins and then told us how legit they were and that they would never sell the coins. A real loan should not exceed 0.2% of the tokens. Because think about it, if the depth of 2% requires 200 thousand, that is already a lot, and 0.2% of the tokens must be worth more than that. If market makers require more tokens, isn’t that just to dump the market?"