Crypto Protocols Lack Market Maker Disclosure Transparency
- Transparency Issues: Novora's study reveals that less than 1% of over 150 crypto protocols disclose market maker agreement terms, highlighting a long-standing transparency deficiency in the crypto market that could undermine investor confidence and liquidity.
- Sole Disclosed Example: Meteora is identified as the only protocol to publicly disclose its market maker agreement in the FY2025 token holder report, and this lack of transparency in other protocols complicates the verification of market behaviors, affecting investor decision-making.
- Revenue and Disclosure Gap: While 91% of protocols generate trackable revenue and 72% are covered by multiple third-party data platforms, only 8% publish a token holder report, illustrating a significant asymmetry between abundant market data and scarce structural disclosure, which may lead to uncertainty in liquidity expectations.
- Governance and Pricing Implications: The absence of public market maker agreements prevents token holders from understanding the counterparties influencing their market during voting, potentially leading to misinterpretations of supply pressure in pricing models, thereby affecting governance forum decisions and market dynamics.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00197 | 0.00216 | 0.00232 | 0.00251 | 0.00268 | 0.00287 | 0.00303 |
| Fibonacci | 0.00216 | 0.00229 | 0.00238 | 0.00251 | 0.00265 | 0.00273 | 0.00287 |
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