Detecting wash trading for nonfungible tokens

【Author】 Serneels, Sven

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】Nonfungible tokens have recently developed into a new financial market segment notorious for wash trading activity. Wash trades are made when users swap tokens between two or more of their own wallet addresses, most often to boost asset prices and volumes artificially, or to harvest marketplace rewards. The presence of wash trades can entirely distort the apparent fair value of tokens in a collection. They should therefore be detected and excluded from further financial assessments such as token valuations and appraisals. This letter introduces three novel strategies to flag transactions for suspicious wash activity, tailored to the NFT markets.

【Keywords】Non -fungible tokens; Wash trading; Analytics; Detection

【发表时间】2023 MAR

【收录时间】2023-04-05

【文献类型】理论模型

【主题类别】

区块链治理-市场治理-洗钱