Collusion between project teams and market makers to manipulate prices presents a significant challenge for the crypto market, according to Arthur_0x, the founder of DeFiance Capital.
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
The entrepreneur noted a lack of transparency in the relationships between these industry participants.
The expert found it difficult to determine whether prices are the result of genuine supply and demand or artificial coordination.
He described as “strange” the centralized platforms’ disregard for unethical practices, which leads to a loss of trust in the altcoin market.
Arthur_0x remarked that TGE pricing has become absurd, as most new tokens have fallen by 70-90% shortly after listing.
Out of 27 tokens listed on Binance in 2025, only three are in the green.
No wonder retail are quitting. pic.twitter.com/S4ZH3hi7i5
— Miles Deutscher (@milesdeutscher) April 14, 2025
The specialist warned of a further decline in the industry’s attractiveness if the situation is not rectified.
Back in February, the founder and former head of the crypto exchange Binance, Changpeng Zhao, criticized the platform’s approach to asset listings.
Earlier, Binance Research noted a rise in interest in meme coins, attributing this excitement to “fair” launch conditions—without hidden token distribution among insiders and subsequent unlocks. Additional momentum was provided by the ease of access to such assets through platforms like Pump.fun and Telegram bots.