Kalshi’s $5,500 Wash Trading Pattern
$500,000,000 traded daily on Kalshi’s ETH perp. Open interest? Just $3,100,000.
That’s a 174x daily turnover. “That’s just like absurd.”
The top position on the leaderboard was only up $17,000. On half a billion in volume.
“You’d expect people to be up or down more than $17,000.”
WSJ found nearly 1,000,000 near-identical $5,500 trades. Over $5,000,000,000 in volume in that exact size.
“50% of all trading. Crazy suspicious.” 🎬
#Kalshi #WashTrading #PredictionMarkets #Crypto #CryptoNews
