DeFiance Capital Founder Calls Out Price Manipulation After Mantra & Story Protocol Crashes

Arthur Cheong, founder of DeFiance Capital, has sounded the alarm on rampant cryptocurrency price manipulation, linking it directly to recent crashes affecting the Mantra and Story Protocol tokens. His concerns stem from evidence of coordinated market activity that artificially inflates token prices before eventually crashing, leaving investors at a loss. ⚠️ Cheong’s stark warnings suggest that the current crypto market lacks transparency and trust due to hidden manipulation by both projects and market makers. He argues this ‘lemon’s market’ is only fueling distrust within the industry as tokens fail to perform even after listing events.