Dare Obasanjo on Twitter
twitter.com
Analysis of 6.1 million trades of 4.7 million NFTs shows that the top 10% of traders have traded 97% of NFTs which definitely puts meat on the bones of the hypothesis that a lot of NFT trades are wash sales intended to artificially boost prices. https://t.co/ufgmhE2iBi— Dare Obasanjo (@Carnage4Life) November 30, 2021
  • ThomasMuentzner [he/him, comrade/them]
    ·
    3 years ago

    Analysis of 6.1 million trades of 4.7 million NFTs shows that the top 10% of traders have traded 97% of NFTs which definitely puts meat on the bones of the hypothesis that a lot of NFT trades are wash sales intended to artificially boost prices.

    What is 10 % of traders , the Richests ?

    What is to artificaly Boost Prices ? Why ? Which Prices ? Like whats the Game... ?

    • princeofsin [he/him]
      ·
      3 years ago

      What is 10 % of traders , the Richests ?

      Yes and insiders most likely. Gary V is one of those dudes that was pumping up prices: https://youtu.be/O5GublWdMwI?t=153