DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX

“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.

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CryptoX Portal

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