Ever bought a token because the volume looked insane?
Picture this: It's 9 AM. You're scrolling your favorite DEX. A token's volume is exploding. "This one's mooning!" you think. You ape in. Then it crashes hard.
Here's what actually happened: That "explosive" volume? Fake Smoke and mirrors. Insiders pumping numbers before they dump on you.
Welcome to wash trading. In 2024, Chainalysis tracked over $2.5 billion in suspicious wash volume across major chains. That's YOUR potential gains vanishing. But here's the good news: By the end of this 5-part series, you'll spot these scams instantly.
Now, Remember those NFTs that went from $10K to $100K overnight... then crashed to zero? Wash trades fueled that illusion.
Next up in Part 2: The exact mechanics scammers use to fake volume. It's simpler than you think. Drop a comment: What's your worst "volume trap" story? Let's expose these tactics together.