NFT Wash Trading

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PrimaFelicitas

• NFT Wash Trading
• Wash trading is the NFT scam to mislead the
  market and for thieves to steal money.
• It occurs when the same person or entity sells
  and buys back a "substantially identical" asset.
• Wash trading constitutes a form of market
  manipulation under Article 143 of the Financial
  Market Infrastructure Act (FinMIA).
• , According to Dune Analytics, wash trading
  accounted for over half (58) of the total NFT
  trade volumes on Ethereum in 2022.
• According to Nonfunglble Quarterly NFT Market
  Report, A massive 25 drop was observed in terms
  of USO traded between Q1 and Q2 2022 with a
  global volume of about US8 billion in Q2 2022.

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