🔥 MM (Market Maker) is who?

MM = organizations that control the liquidity and price fluctuations of a token.

Not “1 person,” but a professional group, usually consisting of:

🧩 1) Large Market Making companies

Familiar names:

• Wintermute

• Jump Trading

• Cumberland

• GSR Markets

• Flow Traders

• Alameda Research (in the past)

→ These are the “big shots” providing liquidity for most altcoins.

🧩 2) The project’s internal MM team (In-house)

Many tokens use their own team to MM the price:

• Team holding treasury wallet

• Team placing price support orders

• Team lightly pumping to create FOMO

• Team manipulating the spread to attract liquidity

→ Smaller projects often self-MM using internal wallets.

🧩 3) MM contracted or collaborated by exchanges

Exchanges like Binance, OKX, Bybit… also:

• Collaborate with MM companies

• Use MM to keep the market stable

• Create push-pull to increase volume and transaction fees

→ Not the exchange self-MM, but MM operates within the “framework” that the exchange wants.

🎯 So what does MM really do?

• Maintain the price for tokens when newly listed

• Push the price up when the project wants to create an effect

• Suppress the price when liquidity needs to be gathered

• Sweep stop-loss / sweep long-short

• Create pump/dump to profit and increase volume

➡️ MM is the most powerful force in shaping short-term prices.

MM = professional companies/funds that the project or exchange hires to control liquidity and price fluctuations.