Solana wallet turns $12,000 into $1.4 billion in suspected Raydium wash trades
- —Wallet drove 22.7% of Raydium CLMM volume from Sept. 21 to Oct. 20
- —108,871 swaps across 438 pools using roughly $12,000 in capital
- —Ten pools showed $5.93 billion liquidity against $10,238 in USDC
- —One $22,200 volume trade cost just $1.13 in fees
Why it matters: Fake liquidity and inflated volumes distort DEX metrics and mislead investors assessing tokens.
Source: CryptoSlate