DeFiance Capital founder: Projects colluding with market makers to manipulate prices is the biggest problem plaguing the crypto market

report: DeFiance Capital founder and chief investment officer Arthur posted on X platform, stating that the biggest problem currently troubling the liquidity cryptocurrency market is how projects and market makers collaborate to create artificially sustained prices, a process completely shrouded in a black box. You cannot determine whether prices are decided by real supply and demand, or simply because projects and market makers collude to manipulate prices for other goals. Surprisingly, centralized exchanges (CEX) turn a blind eye to this, and the Altcoin market is increasingly becoming a "lemon market" lacking confidence. Not to mention that most token generation events (TGE) pricing this year is a joke, with tokens dropping 70% to 90% within months of listing, causing massive losses for any buyers. If key industry participants do not step up to improve this situation, most of the market will remain unable to attract investment in the foreseeable future.