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BigGainsGary's avatar

So if shopping MMs for a very promising meme/utility project listed on Base, who are those you recommend pursuing? And which CEXs should be prioritized starting with maybe a tier 3 like BitMart, then tier 2 like gate.io or okx? It’s my understanding most MMs can be rather ineffective and many of the CEXs have basically fake TV. Thanks for a great another great post.

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BowTied Tarzdan's avatar

> “market maker will maintain bid and offer prices”

Wait, so someone can intentionally manipulate the price of something? And this is considered ok?

Pardon my finance ignorance, but how is this not “price fixing” or “market manipulation” or other fun pejoratives? I mean someone controls the price of something and sets it to whatever they want? And they can rugpull any time by removing their “market making” or spike the price to any value they want?

Ok maybe if the “market maker” is completely algorithmic and autonomous and the algorithm is published ahead of time so that all market participants know ahead of time then maybe I could see how this could be considered legit.

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