Content
@
0 reply
0 recast
0 reaction
shady
@shadyoak
A few other members of /zksync were discussing NFT collections so I decided to go look for one to buy. Oddly enough, I found that every collection out of the top 5 for volume of all time was heavily inflated by wash trading. This is especially evident when the average price is 1000x higher than floor. Thoughts?
2 replies
0 recast
1 reaction
shady
@shadyoak
For clarification, this info is pulled from Element Market. This type of behavior is extremely malicious for two reasons: 1. There are likely unknowing people that are going to lose money to these collections that are likely made by the same bad actors.
1 reply
0 recast
0 reaction
shady
@shadyoak
2. I am assuming that the people running this operation are hoping to be able to mint a lot of LIBERTAS OMNIBUS - one of the criteria's for previous eligibility was to have interacted with one of the top 100 NFT collections.
1 reply
0 recast
1 reaction
