Opinion: There are too many new project tokens at present, and market makers only dump orders and rarely place orders to control
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最新报道：According to Bijie.com, on October 11th, Mango Labs founder Dov (@dov_wo) posted on social media that most current market makers aren't "market makers" but rather market takers, meaning they only actively take orders and almost never place limit orders. They use a time-weighted average strategy to continuously dump shares from the opening bell to sell to retail investors. A new coin typically stops actively providing liquidity after about a week, waiting for the project owner to terminate the contract. Dov explained that this situation stems from an overabundance of projects in the industry, and liquidity has a capital cost. Market makers continuously dump shares after the opening bell so they can wait for the next project's token to launch, as the first week of each project's launch is the most profitable. Consequently, many altcoins experience early-morning plunges of 70%-80%, yet only require tens of millions of dollars in trading volume.
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