“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our stable pools,” the team stated. This created constant sell-side liquidity for MER tokens on the open market, which is now deemed detrimental given the troubles at Alameda and FTX.
DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX
