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Tokenomics

Wash Trading

A buy-sell round trip by the same wallet or related wallets to inflate volume without taking real market risk. VanEck's 2024 analysis estimated roughly 41% of Solana memecoin and NFT volume was wash trading. Detectable on the Transactions tab: the same addresses cycling, near-equal buy-sell counts, mechanical timing.

See also
Tokenomics Volume-to-MC Ratio A wash-trade diagnostic: volume below roughly 50% of market cap over the relevant window is consistent with artificial activity. High volume on a flat chart is the wash-trade signature. DexScreener's volume number is a marketing claim; the Transactions tab is the audit. → Security Slow Rug Structural value extraction via Pump.fun creator fees, cash-back trading rebates, and dev buyback theater. The chart looks alive — high volume, no dramatic collapse — while fees flow continuously to operator wallets. The treadmill pattern: high volume, flat or slowly declining price, no structural breakout. → Tools DexScreener A real-time DEX aggregator showing price charts, volume, holders, and liquidity across chains. The primary chart tool for most Solana memecoin traders. Enhanced Token Info adds a project profile. Volume numbers require wash-trade verification before use as a signal. →
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