Si un teneur de marché détient des jetons, cela signifie-t-il qu’il participe au market making ?

Original author: Aunt Ai (X: @ai_ 9684 xtpa )

I saw the news this morning that Wintermute becomes the third largest holder of $GOAT, holding 1% of the total supply of tokens. But just as airdropping tokens to Vitalik Buterin is a publicity stunt, airdropping tokens to market makers is nothing new.

So here comes the question:

– How to determine whether market makers are truly involved?
– Typical examples of market making
– Examples used only as promotional material

1/ Take GOAT as an example

1. Falsification: It is true that 10 million GOAT are held and the contract address is correct; do not underestimate this step, as many issuers promote market makers under the name of the same token.

2. Identify the source of funds: Tracing back, it was found that four addresses transferred millions of tokens to 7 GNPT….snUM 1, and all of them were early-stage addresses with extremely high returns, with a cumulative profit of 11.63 million US dollars!

Four early entry addresses for depositing coins to Wintermute:

• 3kjF7ZXfMYo1dqxFNE7WVtQ38zZSciptu1deWYibre1m (the source buying address of CAnS 7…JZT 86)

• BNPntzDuH7EofLrHGA7gjbeNvJQbEvvrGrCPCTCNXf7v

• 9pLzvD3s5g7nWbMbURPvYQgHp4piosoVLrxiEgr58v3d

• EUES49UdAkevnREj5YShNXpWjX5DN44uCJQo7yfaggot

3. Check the market makers operation: After receiving the token, it did two things. First, it transferred 1 token to Wintermute 1 and immediately transferred it back. This is an obvious confirmation address action. Second, all tokens were distributed to the Wintermute 3 address after two transfers.

Seeing this, it is basically certain that Wintermute is actively participating in GOAT market making. As for whether it is OTC coin buying/instructed by the project party or a spontaneous behavior, it is unknown.

4. Stay tuned: Ultimately, it depends on whether Wintermute 3 frequently conducts GOAT transactions. If so, it can be confirmed.

2/ Typical examples of market making

Wintermute participated in market making of capitalized $NEIRO: it once held 4.35% of the total supply of tokens and was once the largest holder. After receiving the tokens, it actively maintained frequent transactions with major exchanges and DEXs.

3/ Typical example of a product that is used only as a promotional tool

This type generally has several characteristics:

• Direct airdrop by project owner/DEV

• Usually airdropped to market makers and well-known founders in the cryptocurrency circle, such as Vitalik Buterin and Sun Ge.

• The market maker does not take any action after receiving it (V God may sell it directly)

• The community has made a high-profile announcement that a certain institution has participated in market making

As for pulling down and stepping down, I won’t give actual examples here. You can check these characteristics yourself.

Lien d'origine

This article is sourced from the internet: If a market maker holds tokens, does that mean he is participating in market making?

En lien : Retour à une croissance axée sur la croissance : comment les cryptomonnaies peuvent-elles échapper au dilemme du récit ?

Auteur original : Loki, BeWater Venture Studio TL;DR L'essence de l'effondrement des crypto-monnaies est le surinvestissement et la valorisation irrationnelle sur le marché primaire au cours de ce cycle, qui ont permis aux VC et aux projets qui auraient dû être éliminés de survivre, de lever des fonds et d'apparaître sur le marché secondaire à des valorisations déraisonnables. En l'absence d'entrées de trésorerie externes, le degré d'involution sur le marché des crypto-monnaies atteint un niveau extrême et a formé une structure de classe de type pyramidal. Les bénéfices de chaque niveau proviennent de l'exploitation du niveau inférieur et du retrait de liquidités du marché. Ce processus entraînera une méfiance accrue au niveau suivant, rendant l'involution de plus en plus grave. Outre les VC, il existe un grand nombre de niveaux supérieurs…