Manta Co-Founder: Market Makers Are All Parasites, If There Is Real Demand, They Can Only Borrow Up to 0.2% of the Tokens

Victor Ji, Co-Founder of Manta Network @MantaNetwork, posted on X: "We basically receive invitations every day from so-called proactive market makers and OTC for buying and acquiring tokens. My attitude is always to just stay put. In my eyes, market makers, whether proactive or passive, are blood-sucking parasites. They completely ignore the fundamentals of the projects, but every time there’s a meeting, these people are very active in events and conferences, and the bosses are also extremely wealthy. Why? Because this money comes from the project's community. If in this industry, more and more funds ignore the fundamentals, then this industry will collapse faster, and market makers are the most blatant group who do not pay attention to fundamentals. I believe that liquidity comes from real community trading; whether you are bullish or bearish, it’s a natural market. If market makers are willing to participate, they can buy tokens in the market to gain positions."

Victor Ji further stated: "If some project founders are worried about insufficient liquidity but are unwilling to spend money on retainers, then my suggestion is to consider a loan, but the size must be minimal. Back in the Polkadot era, Calamari was made to give over 3% of tokens to Three Arrows Capital for market making, and these guys turned around and sold the tokens, while claiming they were very legit and would never sell the tokens. A real loan should not exceed 0.2% of the tokens. Because think about it, if the depth of 2% requires 200 thousand, that’s already a lot; 0.2% of the tokens must exceed that value. If market makers want more tokens, aren’t they just here to dump?"