Delisting to the Moon

When Binance announced the delisting of ALPACA, what surprised me wasn’t the price jump - even though it quadrupled. That’s par for the course in crypto. In fact, I recently wrote a Medium article about how listings and delistings often have unexpected effects on price.

What did surprise me was this: Alpaca Finance actually has a market maker who asked for more tokens from the reserve - because apparently, he had nothing left to sell!

Naturally, the community was outraged. They don’t want more tokens entering circulation. They want a moonshot, not dilution. And if anyone’s going to sell at high prices, they want it to be themselves - not some market maker doing it on their behalf.

Suddenly, that price spike on delisting news makes perfect sense: no exchange means no market maker.

And maybe that’s the real issue here. Could market makers be part of the reason this space doesn’t feel as free as it should? Maybe it’s time to move away from exchanges altogether - and start exchanging crypto where there are no insiders pulling strings.

At rabbit.io, there are no market makers. Just real, transparent market rates.