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News Explorer — Marketplace Incentives Fuel 126% Increase in NFT Wash Trading: CoinGecko

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Mar 20, 11:30 pm
The Block

Marketplace Incentives Fuel 126% Increase in NFT Wash Trading: CoinGecko

Wash trading, a form of market manipulation, is becoming increasingly common in the world of NFTs. A CoinGecko study reported that $580 million in phony trades were executed on the top six marketplaces in February, a 126% rise from the previous month.

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