A Primer on NFT Wash Trading

Published on: November 23rd, 2022

NFT wash trading is a form of market manipulation that results in distorted NFT demand, volume, and prices. In this edition of In Focus, Delphi’s Jimin gives us a primer on NFT wash trading, digging deep into Terraforms — the most wash-traded collection of all time. Jimin looks at how wash trading works and why it’s becoming increasingly prevalent, how it can hurt the unknowing speculator, NFT collections that are less impacted by the activity of bad actors, possible solutions for avoiding market manipulation, and the role NFT marketplace aggregators may play. Read on for the full story then add your thoughts in the Pro Crypto Discord.


  • RM
    Richie M.
    24 November 2022 @ 08:32
    Good article. Makes You wonder what actors are washing their dirty money here. The authorities must be all over this. Honestly, reading this and about Terra, FTX, Binance et al, I don’t see large scale adoption for a while. Corruption is rife.
  • MJ
    Marius J.
    10 March 2023 @ 14:58
    Useful read.