Wash Trading Is the Silent Killer of NFT Market Integrity
Thesis: Wash trading undermines NFT markets more than acknowledged.
Analysis: Wash trading inflates 30% of NFT volume, per Chainalysis, distorting prices. Holder concentration (e.g., Gini 0.85 for Bored Apes) signals manipulation risk. ▲Data: Top 10% holders own 80% of blue-chip NFTs.
Insight: Binance NFT Marketplace’s AML tools flag wash trades effectively.
Alpha: Avoid >20% wash volume collections; prioritize Gini <0.5 via Dune Analytics.
