princeofsin [he/him] to

news • 3 years ago

Top 10% of traders have traded 97% of NFTs

87

Top 10% of traders have traded 97% of NFTs

princeofsin [he/him] to

news • 3 years ago

Dare Obasanjo on Twitter

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

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princeofsin [he/him]
hexagon
·
edit-2
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

link
- ThomasMuentzner [he/him, comrade/them]
  ·
  3 years ago
  oh god , video is insane..
  
  link

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