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One area of crypto mkt structure that seems very opaque and weird to me still is market maker <> token issuer / foundation relationships. I would guess this is responsible for a lot more issues than it gets credit for. Feels like in the last year there have been several "our market maker fucked us" stories that just disappear and nobody ever knows what actually happened. About a month ago, some token crashed like 90% and then the founder wrote some long thread saying "wintermute did it to us" and then nothing happened. Am surprised there is no solution for this yet: maybe founders should have to publish/disclose the terms of their MM deals, CEXs can formalise some standards which bar listings, or maybe there is some other solution that ppl smarter than me can invent. I guess you want (1) token buyers have info symmetry on the incentive structure of the MM deal and (2) founders dont keep getting scammed by dodgy MMs or nonstandard agreements. Pic related.

honestly pretty cool how crypto can spin up entirely new sectors like this in less than a quarter

NEWS: 2nd Neuralink patient Alex plays the first-person shooter game Counter-Strike 2 on his laptop computer using the Link. Alex playing Counter-Strike 2:

Sam Altman reconfirms that he has ZERO equity in OpenAI

Beneath this are the top entities and addresses across all chains that hold this token. Alongside, is shown the amount of PEPE they hold, and its corresponding USD Value. Use this to find top team wallets, or interesting whales!