So @solsticefi team is confirming it was their MM
& saying its completely fine / "not a big amount" & that’s how market making is done…
Your MM sold 3.02M $SLX worth ~$645k at ~$0.21 per token
while the entire ICO raise was only ~$362k at ~$0.13 per token (≈2.9M SLX total)
So the MM sold almost 2x the entire ICO raise value, and roughly 8–10% of circulating float, and you’re calling it "not a big amount"?
Thats not how market making is supposed to work
MM is meant to provide two-sided liquidity and stabilize price action by staying delta neutral not create persistent sell pressure that overwhelms demand in an AMM pool
(Also, AMM = Automated Market Maker. The pool already does the market making)
Which part of the cycle is this supposed to be?
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