ChainCatcher news, Manta Network co-founder Victor Ji posted on X: "We basically receive invitations every day from so-called proactive market makers and OTC for buying coins and acquisitions, and my attitude is to just stay put. Market makers, whether proactive or passive, are in my eyes blood-sucking parasites; they don't pay any attention to the fundamentals of the projects at all. However, every time there's a meeting, these people are very active in organizing events, and the bosses are also extremely wealthy. Why? Because this money comes from the project's community. If in this industry, more and more funds do not pay attention to fundamentals, then this industry will collapse faster and faster, and market makers are the most blatant group that ignores fundamentals. I believe that liquidity comes from real community trading; whether you are bullish or bearish, it is a natural market. If market makers are willing to participate, you can buy coins in the market to gain positions."Victor Ji added: "If some project founders are worried about insufficient liquidity but are unwilling to spend money on retainers, then my suggestion is to consider a loan, but the size must be minimal. In the early days of the Polkadot era, Calamari was asked by Three Arrows to provide over 3% of tokens, and these guys immediately sold the coins, while claiming to be very legit and that they would never sell the coins. A real loan only requires no more than 0.2% of the coins. Because think about it, if you need 200k for a 2% depth, that’s already a lot; 0.2% of the coins must exceed that value. If market makers want more coins, aren't they just here to dump?"

According to ChainCatcher's message and Binance's announcement, Binance discovered that a market maker (hereinafter referred to as "market maker") responsible for GoPlus Security (GPS) was also responsible for the market-making activities of the MyShell (SHELL) project during an investigation.To better protect Binance users, Binance has taken the following additional measures against the misconduct of this market maker:The market maker has been delisted and prohibited from conducting any further market-making activities on Binance;The relevant earnings of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).ChainCatcher previously reported that, according to Binance's announcement, the recent abnormal price of GPS was directly caused by a certain market maker. The market maker sold approximately 70 million GPS from March 4, 2025, 13:00 (UTC) to March 5, 2025, 9:55 (UTC).During the aforementioned period, the market maker did not place any buy orders. After spot trading began, the market maker continued to sell tokens, becoming the largest beneficiary, with profits of about 5 million USD. While Binance conducts an in-depth follow-up investigation into this matter, the market maker's account has been temporarily frozen.

ChainCatcher news reports that, according to Ember monitoring, the market speculates that a market maker has sold 70 million GPS, but it is currently difficult to confirm which market maker it is. On the day GPS was launched, the project transferred 800 million GPS to Binance.According to GoPlus, 500 million GPS have a clear allocation: 300 million as HODLer rewards and 200 million planned for future marketing (this portion has been transferred from the Binance wallet to a separate wallet for storage). It is speculated that the sell-off may involve a portion of the 300 million tokens allocated to market makers.Since GoPlus does not directly allocate tokens to market makers on-chain, but first transfers the tokens to Binance before allocation, it is impossible to determine which market maker it is through wallet transaction traces.

ChainCatcher news, according to ZFW Chain Hub monitoring, Auros Global is one of the market makers for RED, having received a total of 1.5 million RED transferred from the project's multi-signature address, and has been continuously depositing RED into trading platforms such as Binance, Kucoin, and Kraken.

ChainCatcher news, according to Ember monitoring, a suspected address of Bybit or its affiliates (0x2E4...b77) received 34,743 ETH from Wintermute 20 minutes ago.Bybit has likely accumulated a total of 106,498 ETH over the past day or so: through Galaxy Digital, FalconX, and Wintermute.This address initially received 100 million USDT from Bybit's cold wallet and started receiving ETH after transferring to FalconX and Galaxy Digital.

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital (3AC), pointed out in a post that during the last bull market, many large market makers took on principal risk, adopting a hybrid venture capital and market-making strategy. In this bull market, the market makers that have successfully survived mainly rely on zero-risk strategies and maximizing value extraction.This viewpoint stems from discussions about the LIBRA market maker incident, where community members pointed out that Kelsier Ventures essentially confirmed that the main job of market makers like Wintermute is to maximize value extraction and let token prices fall. "At least some other market makers would still do some price pumping, but for some reason, the project team thinks hiring Kelsier to let their tokens only drop is a good idea."

ChainCatcher news, according to monitoring by ai_9684xtpa, Wintermute may be one of the market makers for Binance HODLer airdrop project $LAYER.The Solayer project team transferred 8.5 million tokens to address FzPL4...KkreF 40 minutes ago, likely for liquidity management; nearly 750,000 tokens have been transferred to Wintermute-associated addresses, and 600,000 tokens have been deposited into various exchanges (this address has had frequent interactions with Wintermute and is also a market maker for $PENGU, with matching characteristics). As the tokens are still being transferred, the specific number of market-making tokens cannot be confirmed at this time.

ChainCatcher message, Arthur Hayes posted on X: "All the founders of 'junk coins' that are about to have a TGE, collaborate with market makers and exchanges to open the market at a lower price. The reason this chart looks bad is not because the projects are junk, but because the prices are too high. Take your users on a journey of wealth creation."

ChainCatcher news, Wintermute co-founder Yoann Turpin shared his views on price discovery and market neutrality. He pointed out that price discovery is the process by which the market continuously seeks the true price of an asset, primarily occurring in CeFi and OTC markets in the crypto space, while being relatively rare in DeFi, only appearing during the launch of token supplies, such as on platforms like Pump.fun. Due to the small scale of tokens, Wintermute did not participate in these.Market neutrality refers to participants not profiting from price fluctuations, a strategy that helps market makers maintain inventory balance. When prices rise, market makers typically sell in CeFi and buy back in DeFi; conversely, they buy in CeFi and sell back in DeFi, ensuring that the prices paid by all market participants are roughly the same.Turpin also stated that while supporting the DeFi ecosystem, significant improvements in user experience are needed to achieve more price discovery, and new users should be prioritized in entering the DeFi space.

ChainCatcher message, cryptocurrency analyst Maartunn disclosed on social media that the amount of Bitcoin sold by exchange market makers (trader buy volume) reached $438,812,600.4898, and stated: "I don't think I've ever seen such a high buy volume in any candlestick chart within a minute."

ChainCatcher message, according to @ai_9684xtpa monitoring, two days ago, the Wintermute address received 3.6 million SONIC distributed by the project team for market making, accounting for 1% of the initial circulation, and all tokens have now been deposited into the exchange.

ChainCatcher news, according to @ai_9684xtpa's monitoring, Wintermute and Amber Group may be market makers for the AI agent token VIRTUAL. Both major market makers have been interacting frequently since a month ago.Wintermute holds 0.31% of the total VIRTUAL tokens through the address 0xDBF...dC080, valued at approximately $1.53 million, ranking 47th in holdings. Amber Group deposited 500,000 VIRTUAL, worth about $2.13 million, into Gate exchange two hours ago.There is also an address suspected to be a market maker for Binance's new mining project PORTAL (not yet identified to a specific institution) that withdrew tokens worth $6.07 million from Bybit and currently holds 2.04 million VIRTUAL (approximately $8.05 million), making it the 38th largest holding address.

ChainCatcher news, according to @ai_9684xtpa's monitoring, Galaxy Digital, one of the three major market makers of EIGEN, withdrew nearly 2.43 million EIGEN from Binance five hours ago during the market crash, worth approximately 8.96 million USD.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa, GSR Markets and Amber Group are the market makers for the recent RWA new token USUAL, among which:Amber: Market making amount of 12 million tokens, current holding of 1.6 million tokens (approximately 2.54 million USD), ranking as the Top 12 address by current holdings.GSR: Market making amount of 8 million tokens, current holding of 2.76 million tokens (approximately 4.4 million USD), ranking as the Top 9 address by current holdings.

ChainCatcher news, Greeks.live macro analyst Adam posted on platform X that today 21,000 BTC options will expire, with a Put Call Ratio of 0.83 and a maximum pain point of $98,000, with a nominal value of $2.1 billion. Additionally, 164,000 ETH options will expire today, with a Put Call Ratio of 0.68 and a maximum pain point of $3,700, with a nominal value of $640 million.This week's market is mainly focused on adjustments. Unlike last week, Bitcoin's adjustment this week is relatively small, while altcoins are experiencing stronger adjustments. As the time approaches Christmas and the annual settlement, market makers are starting to adjust their positions. Recently, the proportion of large bullish options trades has been high, with an average daily share exceeding 30%. In previous years, trading activity in Europe and the U.S. during Christmas would significantly decline, but this year, the influence of U.S. stocks on crypto has increased, and this phenomenon may become more pronounced.The options market data over the past two weeks has shown that market makers are relatively cautious. The volatile market has led to a slight increase in implied volatility for major expirations. Options are very suitable for short-term speculation at this time, and this week's main trades have all been short-term PVP, making the cost-effectiveness of buying options still very high.

ChainCatcher news, according to @ai_9684xtpa monitoring, Wintermute and DWF Labs are the market makers for the BSC ecosystem meme coin MONKEY launched today. Ten hours ago, the Wintermute OTC address received a transfer of 100 billion tokens from the project team for market making, accounting for 1% of the total token supply; although the DWF market making address has not been tracked yet, the official blog has clearly stated that DWF is its main market maker.