@TMtheOG Meanwhile @Groowut does all the pump art yet they haven’t bought any $fwog or helped it get listed anywhere and price has nuked. Such an extractive ecosystem.
@ohdonpier@theunipcs Yep but he is implying that Kraken is buying. They are not. People are depositing to Kraken and by the PA, clearly selling. Someone is buying, but less than are selling.
I don’t mind Useless, I have traded it a bit.
@pumpdotfun lol look at the charts of these memes. Your “support” has done nothing for the price of them except a temporary bump then lower. Pump are greedy extractors.
@a1lon9 Alon, take a moment to look at the chart of $fwog on DexScreener.
Wut doing your art and supporting the pump eco has done nothing for price action.
Use some of the hundreds of millions you have extracted from this ecosystem and help these coins get listed.
@HvnLightios @heavendex What’s going on @heavendex@peacefuldecay? Pretty disappointing and kinda putting me off this eco if you can’t support someone that is actually doing something decent and isn’t rugging
The Dirty Little Secret of Perp Markets: How CEXs and Market Makers Tag-Team Traders
Let’s talk about a truth few want to admit: perpetual futures markets on centralized exchanges (CEXs) are not neutral playing fields. They are predator-prey ecosystems. And unless you understand the invisible handshake between the exchange and its market makers, you’re the prey.
Here’s how the game is really played:
1. Market Makers Aren’t Just Liquidity Providers - They’re Profit Centers
Most top CEXs don’t internalize all their liquidity. Instead, they outsource it to external market makers - quant firms with massive capital, HFT infrastructure, and direct incentive agreements with the exchange. These firms aren’t just facilitating trades - they’re actively profiting from them, often through maker rebates and flow advantages.
2. The Maker-Exchange Kickback Scheme
Most CEXs earn from liquidations, funding fees, spread capture, and slippage. But here’s the kicker: some exchanges share these profits with their partnered market makers. Makers often receive:
Rebates on maker/taker fees
Preferential API access
Priority order flow visibility
And in some cases, pre-liquidation warnings via real-time margin engine data
In effect, the exchange gives the gun and the bullets to the market maker - and tells them where the deer are hiding.
3. The Game Is Rigged by Design
Funding rates? Designed to herd retail into overcrowded positions.
Isolated margin? Encouraged, so traders have no flexibility to survive volatility.
Flash wicks? Often caused by makers pulling liquidity milliseconds before spoofing price into thin zones - liquidating retail before snapping back the other direction.
If you’ve ever been wicked out of a “safe” position, that wasn’t an accident. That was someone’s bonus.
4. Maker Data Access Is Different Than Retail Data Access
While you’re squinting at a delayed liquidation heatmap, market makers are monitoring:
Real-time liquidation queues
Order book imbalance at microsecond intervals
Internal exposure dashboards showing exactly how lopsided retail is
They don’t predict. They execute.
5. CEXs Need You to Lose
Perp markets don’t have natural buyers and sellers - they have opposing bets.
When retail piles too hard to one side, the system must rebalance to avoid cascading systemic risk. That’s when the exchange taps its partnered makers and says:
Clean house.
Bottom Line: If you still think you’re “just trading the chart,” you’re blind to the machine behind it. You’re trading against a coordinated network of actors with more speed, better data, and every incentive to extract your capital - because your loss is their model.
If you’re going to play this game, you’d better start thinking like the people rigging it. Because trust me - they’re not thinking like you.
It’s not all pointless - because knowledge bends the odds. Once you understand how the system is wired, you stop walking blindfolded into traps and start sidestepping the landmines they set for everyone else. The game may be rigged, but it’s not unwinnable. Apex Predators rely on herd behavior…they can’t feast if you’re not running with the herd. When you learn to think like them, anticipate their traps, and position against the obvious, you stop being prey and start becoming a threat. That edge….awareness, discipline, and asymmetric strategy….is what separates the survivors from the slaughtered.
🫡 From the depths —
The White Whale 🐋
@0xuberM Yeah this got me on $GP. Decent entry at $1.40 but got euphoric and added on dips. Ended up going from a decent positive uPnL to a negative one.
Loaded into $GP / @GraphiteProto for the ever continuing BONK season - bottom looks in after some heavy exits, and I do want to fade @SolportTom & team. The new website is clear and transparent.
$17m in treasury on a $36m market cap with a 38% ownership of @bonkfun? OK. Lots of clever things you can do with a treasury of that size. ❗️❗️❗️
A points campaign on https://t.co/zg48b2nZm0 might be launched imminently too it seems (someone found it in the menus but it's down now). It's an attention economy after all..
Also very curious about what's cooking with https://t.co/Ef9Co2HxzN, no doubt we will see some buy/burn/fee sharing mechanics.
I'll support teams that grow, rather than extract from the Solana ecosystem any day of the week. You should, too.