Planet Daily News: Synthetix and Infinex founder Kain Warwick revealed market maker manipulation tactics on X platform, stating that during the ICO era, projects could hardly complete financing without agreements with multiple "market makers", with monthly costs ranging from $50,000 to $300,000. Now, these market-making agreements have evolved into option structures, with some market makers manipulating the market through low float models, shorting at TGE peaks, covering at bottoms, and then exercising options to dump after a price pump. SBF previously further encouraged this arbitrage strategy through low float models. Recently, a new tactic involves project teams selling tokens at a discount to liquidity funds before TGE and guiding market makers to directly sell after pumping in low liquidity. DWF Labs previously operated similarly with Synthetix, first buying from the treasury to pump prices and then dumping for cash. Project teams have many ways to extract value from token buyers. If you see a large token transfer to a "market maker", be extremely cautious, as they likely see you as exit liquidity.