CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Over 20,000 Crypto Tokens Manipulated in Decentralized Exchange Wash Trading

13.09.2023
A A
0
122
VIEWS
ShareShare

A recent analysis by market monitoring business Solidus Labs shed light on the prevalence of wash trading in the crypto industry, finding that over 20,000 crypto tokens had been manipulated through decentralized exchange (DEX) wash trading in the last three years.

On September 12, Solidus Labs published their 2023 Crypto Market Manipulation Report, which included some alarming data. A sample of 30,000 Ethereum-based DEX liquidity pools was examined, and it was discovered that roughly 70% of them have carried out wash trades since September 2020, totaling about $2 billion in cryptocurrencies.

Wash trading is a dishonest form of market manipulation where a party simultaneously buys and sells the same item to give the impression that the market is active and liquid. While wash trading does exist in traditional finance, the paper emphasizes that cryptocurrency markets are particularly susceptible to it since their liquidity is split across numerous centralized and decentralized exchanges, creating smaller, more easily manipulated markets.

The ongoing regulatory discussion regarding who is responsible for identifying and blocking on-chain wash trade represents one of the main obstacles to solving this problem. Decentralized finance (DeFi), which has no geographical boundaries, further confuses things and makes it unclear who should be responsible for monitoring.

Asaf Meir, the founder, and CEO of Solidus Labs, emphasized the need to prevent market manipulation in the cryptocurrency sector, particularly in light of increased regulatory scrutiny and expanding institutional usage. “The wash trading activity we have unearthed here is a clear sign of market manipulation,” he said, “and it must be prevented for crypto and DeFi to flourish.”

The paper also identifies a variety of actors involved in wash trading, including token deployers looking for rapid profits, speculators trying to take advantage of future token airdrops, exchange, and marketplace operators boosting trade volumes to draw in users and investors, and token airdrop exploiters.

According to a 2022 study by the National Bureau of Economic Research, wash trades accounted for more than 70% of unregulated exchange volumes in the cryptocurrency sector. On data and analytics websites like CoinMarketCap and CoinGecko, these dishonest practices frequently inflate exchange rankings, and they may also have a momentary impact on the pricing of cryptocurrencies on these exchanges.

The frequency of wash trading emphasizes the necessity for ongoing watchfulness, regulatory frameworks, and market surveillance to guarantee the honesty and transparency of the cryptocurrency market, particularly as it develops and matures.

The post Over 20,000 Crypto Tokens Manipulated in Decentralized Exchange Wash Trading appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Only 16.3% of Short-Term Bitcoin Holders in Profit Amid Recent Volatility

Only 16.3% of Short-Term Bitcoin Holders in Profit Amid Recent Volatility

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Is the Bitcoin Uptrend Over? Analysts See Momentum Waning After 3-Month Surge

Is the Bitcoin Uptrend Over? Analysts See Momentum Waning After 3-Month Surge

4 weeks ago
Pudgy Penguins ($PENGU) Soars 127% in a Week as Meme Coin Mania Returns

Pudgy Penguins ($PENGU) Soars 127% in a Week as Meme Coin Mania Returns

2 weeks ago
Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case

Bitcoin Fog Mastermind Found Guilty in Historic Money Laundering Case

1 year ago
GameStop Boosts Convertible Note Offering to $2.25B After Strategic Bitcoin Buy

GameStop Boosts Convertible Note Offering to $2.25B After Strategic Bitcoin Buy

2 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

Trending

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K
All news

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
0

Crypto market is flashing mixed signals today as investors digest the Federal Reserve’s decision to keep interest...

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

31.07.2025
Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz