Fake trading volumes with wash trades
We always look CoinMarketCap , CoinGecko and other sites for check exchanges and cryptos volumes.
They show traded volume.
how real the trading volume ?
According to the Blockchain Transparency Institute, massive wash trade in market.
many bot trades and many sell your order to your buy order.
What are the real volumes ?
1- EXCHANGES
17 of the CMC Top 25 exchanges to be over 99% fake with many greater than 99.5% fake volumes, including 35 of the top 50 adjusted volume rankings.
These exchanges have been completely discounted from appearing on our new site and rankings tables.
Over 60% of all exchanges ranked on popular data sites have little to no volume and were found to be over 96% fake each.
2 - CRYPTO CURRENCIES
similar situation in crypto currency basis.
here is the short list of top coins and their wash trade.
you can reach entire list at here .
easy to sort in that list.
It is very good study from Blockchain Transparency Institute.
useful data for know real market dynamics.
Yeah I saw last week an article about that. There is one exchange which I cant remember that always trade 11 BTC at 11 am everyday. Kinda funny but there are so many exchange that the smaller one would not make it without wash trading and the big ones use it to fight for metrics and market share.