NFT-Birdies
25 Nov 2022
Approximately 48% of Ethereum NFT trades in October were fake
Despite bad market conditions, we continue to see a high number of unique buyers and sellers. Why is this happening?
According to Footprint Analytics’ filters, wash trading makes up nearly half of all NFT trading volume.
Traders seeking to artificially inflate the price of collections or earn marketplace trading rewards generated $389 million in wash trades out of October’s total of $758 million in NFT trading volume — bringing the amount of wash trading in the NFT market close to half that of organic trading. The number of wash trading users accounts for nearly 46% of total users.
NFT-Birdies is an NFT Analytics and Data platform where you can get a lot of information about NFTs, upcoming minting events, new collections, and the development of existing NFTs. Our mission is to make the NFT market clear and understandable for all its participants.
Topics
Recent comments
Share your review
Article: Approximately 48% of Ethereum NFT trades in October were fake