Binance recently tightened its regulations on market makers. I thought it’d be hard to see any more pump-and-dump altcoins, but who knew siren keeps pulling stunts every single day. Truly impressive. Binance’s announcement explains that market makers are entities providing liquidity by consistently placing buy/sell orders, helping to narrow spreads, reduce slippage, and stabilize prices—especially for newly listed tokens or low-liquidity trading pairs. However, not all market-making arrangements align with long-term market integrity. Disclosure and best practice requirements for project teams: - Must promptly disclose the identity, legal entity, and contract terms of market makers to the platform. - Strictly prohibited: profit-sharing or guaranteed returns between project teams and market makers; token lending agreements must specify their purpose. - Project teams must strictly adhere to token release schedules and are prohibited from early sell-offs or large-scale dumps that create price pressure. - Recommended for project teams: conduct due diligence on market makers, sign clear contracts (defining roles, trading parameters, compliance obligations), and continuously monitor behavior post-listing. - No coordination with market makers or third parties to manipulate prices or distort liquidity. 6 red flags for market maker misconduct that users and project teams should watch out for: - Aggressive/early/repeated sell-offs that conflict with token release/unlock schedules. - One-sided trading behavior (e.g., placing large sell orders without corresponding buy support). - Coordinated sell-offs across platforms (e.g., depositing and selling large amounts on multiple exchanges simultaneously, exceeding normal rebalancing). - Mismatch between trading volume and price behavior (e.g., high volume but little price movement, possibly wash trading). - Extreme price volatility in thin liquidity (e.g., small trades causing large price swings in shallow order books). - Mismatch between trading volume and liquidity depth (e.g., high trading volume on the surface, but insufficient order book depth). Kinda lost here. From the looks of it, if you want to win big with small bets, you’ve got to jump into the game yourself. bnb