NFT wash trade accounts for 6.5% of daily sales volume on OpenSea
Wash trading has been common in the NFT market with some reports alleging that, at the peak of the NFT bull market, it made up 80% of sales.
Cryptocurrency news by Protos · Protos
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Show Notes
A wash trade of a dead NFT collection made up 6.5% of the daily sales volume on OpenSea yesterday morning. The purchase of the single NFT from the Crop Collection was transacted at 409 ETH valued at around $648,000.
Wash trading has been a very common feature in the NFT market with some reports alleging that at the peak of the NFT bull market, 80% of the total sales were, in fact, wash trading.
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