2026-01-19 19:31:02

Interesting market data has been released. According to the latest research analysis, the trading volume structure of exchanges exposes a problem: 86% of the total trading volume is actually non-directional trading, commonly known as wash trading. Looking deeper into this number, about 40% comes from fake trading volume generated by liquidity mining activities, and another 40% originates from market makers' (MM) trading hedging operations. This means that the truly organic trading volume is much smaller than the surface figures suggest. Market participants should be cautious of inflated trading volume data; the actual market depth and liquidity may not be as optimistic. If you are concerned about the actual trading situation of a particular exchange or token, such data analysis is worth referencing.

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UnluckyValidator

· 9h ago

86% are just wash trading? I was wondering why it looked so fake, turns out it's all fake volume, I really fell into a trap.

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NFTBlackHole

· 9h ago

Wow, 86% is just manipulation? This data is really incredible. I feel like the previous trading volume rankings I saw were all fake.

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AirdropHunter007

· 9h ago

86% are just wash trading? I was wondering why the trading volume feels so fake, turns out most of it is just playing with oneself.

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OldLeekMaster

· 9h ago

86% are wash trading? Damn, those numbers are a bit scary. No wonder I always feel like the trading volume is completely fake. Wait, are the real organic trading volumes actually this low? So those exchange rankings I looked at before are all just paper tigers? Liquidity mining is the biggest source of water (fake volume), right? No wonder it's hard to tell what's real and what's fake nowadays.

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BTCWaveRider

· 9h ago

Are 86% of these just wash trades? Oh my god, the trading volume we see is completely an illusion. I've had this feeling for a while; the volume of certain small coins just doesn't add up. Liquidity mining is really the hardest hit, giving away tokens while also dealing with fake trading volume. Market makers' hedging strategies, to put it simply, are just moving tokens from one hand to another. Can real trading volume be even one-tenth of the surface data? I bet not. Now I need to keep a close eye on projects that boast huge trading volumes—it's all just illusions. Looks like I need to change my coin selection strategy; just looking at trading volume can't help me pick good projects.

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AirdropHunterXM

· 9h ago

86% are just wash trading? Damn, the trading volume data I looked at before was all inflated, no wonder I always felt some tokens' liquidity was off.

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RugResistant

· 9h ago

ngl 86% wash trading is absolutely insane... red flags detected everywhere. so basically most volume you're seeing is just mm ops and yield farming schemes? that's a critical vulnerability in how we evaluate liquidity rn. dyor but here's my analysis: those exchange dashboards are lying to you. gotta dig deeper into the actual on-chain metrics if you want real numbers.

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