Wash Trading & Fake Volume
Reported trading volume is manufactured by trading between wallets the same entity controls, to simulate organic demand.
How it works
Bots buy and sell the same asset between related wallets thousands of times, printing volume with no real change of ownership. The goal is to look liquid and "trending" so genuine buyers arrive.
Red flags to look for
- ⚠24h trading volume exceeds total market capitalisation
- ⚠Volume is consistent and round-numbered (automated bots)
- ⚠Same addresses repeatedly appear on both buy and sell sides
- ⚠Project lacks any meaningful development or community
- ⚠Listed only on exchanges with known wash trading history
Coins currently showing this pattern
60 assets from our most recent automated scan. These are algorithmic risk indicators, not allegations of wrongdoing.
Frequently asked questions
What is wash trading in crypto?
Reported trading volume is manufactured by trading between wallets the same entity controls, to simulate organic demand. Bots buy and sell the same asset between related wallets thousands of times, printing volume with no real change of ownership. The goal is to look liquid and "trending" so genuine buyers arrive.
How does FraudCoins detect wash trading?
Our automated scan runs daily against public market and on-chain data and applies the indicators listed on this page. Results are automated, opinion-based assessments — not statements of fact or allegations of wrongdoing.