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NFT wash trade accounts for 6.5% of daily sales volume on OpenSea
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.
Hosted on Acast. See acast.com/privacy for more information.
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By ProtosA 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.
Hosted on Acast. See acast.com/privacy for more information.