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Token worth manipulation is rampant on Ethereum-based decentralized exchanges, the place so-called wash buying and selling amounted to no less than $2 billion value of crytocurrencies since September 2020, in accordance with a research by researcher Solidus Labs.
Wash buying and selling, a type of market worth manipulation the place a dealer buys and sells a safety, can contain token issuers and different events promoting a coin to themselves to spice up its worth and buying and selling quantity — and to make it a viable candidate for being listed on centralized exchanges.
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