https://www.cnbc.com/2023/01/12/mark-cuban-next-crypto-implosion-may-be-uncovering-wash-trading.html
This old cryptocurrency investor told TheStreet that the next implosion that could happen would be the discovery and elimination of wash trades on centralized exchanges.
A wash trade is when traders buy and sell the same asset repeatedly in a pump-and-dump scheme, generating false volume as if the demand is high and thus creating higher price.
According to a recent Forbes analysis of 157 cryptocurrency exchanges worldwide, more than 50% of reported daily bitcoin transactions may be wash trades.
Beware of fake transaction volume!!
