If you thought the cryptocurrency market was a bastion of transparency and fairness, think again. According to Coinranking, a staggering 12,799 new coins have popped up in the last year like mushrooms after a rainstorm. Just today, nine new tokens—MBX, MODALAI, MCC, and NILA, to name a few—have joined the party. While some see this as a sign of a thriving, growth-oriented sector, others, like Arthur Cheong of DeFinance Capital, are raising eyebrows. He claims that project teams and market makers are in cahoots, manipulating token prices like puppeteers in a shadowy theater. Intrigued? You should be. 🕵️♂️
Is the Crypto Market a Puppet Show? 🎭
Arthur Cheong, the founder of DeFinance Capital, took to X (formerly Twitter) to air his grievances. His main beef? The cryptocurrency market is a black box where project teams and market makers pull the strings to create artificial prices that can last for ages. 🎪
The biggest problem plaguing the liquid crypto market now is the complete blackbox of how projects and market makers can work together to create an artificial price that can sustain for a very long period.
You don’t know whether the price is a result of organic demand & supply…
— Arthur (@Arthur_0x) April 14, 2025
Price manipulation is no joke. If token prices are being artificially inflated or deflated, it’s like trying to navigate a maze blindfolded. Traders and investors need clarity, not smoke and mirrors. 🚬🪞
Centralized Exchanges: The Silent Accomplices? 🤫
Arthur doesn’t stop there. He accuses centralized exchanges of turning a blind eye to this manipulation, effectively becoming enablers of the chaos. This lack of oversight has led to a flood of low-quality, unreliable assets in the altcoin market. 🚮
Since the start of the year, the total market capitalization of cryptos (excluding the top ten) has plummeted by 38.33%. The altcoin market cap has shrunk from $1.34 trillion to a mere $961.7 billion. Ouch. 💸
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The New Crypto Listing Bonanza: A Wild West Show 🤠
In the last year, a mind-boggling 12,799 crypto tokens have been listed. In the last 30 days alone, 778 new cryptos have entered the fray. Today, nine new tokens—MAGABY, ModalAI, MeshChain AI, and NILAM Resources – Mind Wave—have joined the circus. 🎪
One of the most sensational launches this year was the Official Trump token, which debuted at $6.54 and skyrocketed to $72.62 within hours. As of now, it’s trading at $8.05, having slipped 33% in the last 30 days and 3.9% in the last 24 hours. Talk about a rollercoaster ride. 🎢
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FAQs
What are some examples of market manipulation?
Examples include fake buy/sell walls, insider pricing deals, pump-and-dump schemes, and collusion with market makers.
Who is controlling cryptocurrency?
No one controls crypto fully, but developers, market makers, and centralized exchanges can heavily influence token behavior.
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2025-04-15 10:38