Crypto Market Under Fire: Insider Activity and Manipulation Fueling Trust Concerns

The cryptocurrency market is facing mounting scrutiny as incidents of token crashes and suspected insider trading raise concerns about market manipulation and vulnerability of retail investors. Several recent examples, including the dramatic plunge of Mantra’s OM token, have fueled these concerns. This crash, linked to alleged manipulative activity on centralized exchanges like OKX and Binance, has highlighted growing distrust in the industry. Arthur Cheong, founder of DeFiance Capital, underscores this skepticism, highlighting a trend of sharp price drops for tokens following their listing on centralized exchanges.