Ranipulation Price Arid Mantra, Story Protocol Story

Arthur Cheong, the founder of the capital Defance, warned the growing manipulation of cryptocurrency price, describing the trend as a serious danger to investors amide Mantra and Story Protocol tokens.

At 13. April in KS, Cheong warned that projects and manufacturers are increasingly working behind the scene to artificially support the prices of tokens, where it is “not the price” whether the price is “whether the price is the result of organic demand and supply.”

He continued to say that centralized exchanges ignore the question, creating what he called “lemon market”, in which insiders benefit while investors bear risk. Cheong also noted that most recent events of generation tokens were poorly performed, with prices that fall 70-90% after entry.

Due to spreading pricing, Cheong concluded that a large part of the cryptocurrency market would remain “uninvested”, unless the industry fixes these structural flaws.

Cheong post comes after Mantra (OMA) The token lost 90% of its value in less than 24 hours, deleting over $ 5 billion at market drop. Independent crypto Analysts pointed out that Mantra moved millions of OM tokens only in front of the price drop, although Mantra denied these claims.

With 90% of the Token Supply, many believe that this is the case that the insider sells disguised as a market event. Creen Mantre denied any offenses, blame the fall to the CEX liquidations.

The concern has not stopped with Mantra. As the drama’s mantra took place, the story protocol (IP) token discarded 25% within an hour, fall from $ 4.24 to $ 3.02 before recovering partially. Once again, bynance and the OCCS, the same exchanges associated with CRRS OM, made up most of the trading volume.

Bynance suggested that the decline caused forced liquidations, while the OCCC pointed to changes in tokenomy and suspicious foreign currency deposits. Conflexed statements added to speculation due to manipulation.

Meanwhile, manipulation has spread to decentralized markets. Last month, a trader at Hyperlikuid opened $ 5 million at a distance of $ 5 million, and then I-liquidated position by pumping the price of a chain, a leading hyperliquid vault to absorb loss.

In the analysis divided by Cripto.NEVS, Dr. Jan Philipp Fritchev dr. Jan Philipp Fritch described It is as a “textual case of unforeseen vegal risk”, which shows vulnerabilities in the deficiency and can still be used without technical errors.