It's happening again.
A token paired with the WYFI stock token is running hard and at $3M market cap, but its WYFI pair is overvalued by 24x. We are in market hours though right now, so the market maker should come online soon and mint and sell WYFI into the market.
More on @apex_ether's site:
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The market maker woke up at 5 am ET and started minting new AMC. The AMC price re-pegged as a result, CINEMA dumped, and people started rebuying CINEMA. A 3x unpeg happened again as a result but the market maker is continuing to mint - ideally they can keep up as people get back into CINEMA.
If you buy while AMC is depegged, it’s a psychology game imo - how much of an AMC price discrepancy do you think people are willing to accept to get in, knowing the market maker is dumping on you.
It’s been a movie already.
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