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Last updated: June 18, 2025, 14:53  |  Written by: Brad Garlinghouse

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Liquidity Providers Have Conducted Wash

Understanding Wash Trading in Crypto

Liquidity providers have conducted wash trading on at least $2 billion worth of cryptocurrencies, manipulating the prices and trading volumes of more than 20,000 tokens.

Token price manipulation is rampant on Ethereum-based decentralized exchanges, where so-called wash trading amounted to at least $2 billion worth of

Institutional report: More than $2 billion was involved in wash

Wash Trading: $2 Billion Lost Since 2025, Blockchain - Bitcoinist

Over 20,000 Crypto Tokens Have Faced Wash Trading Since 2025

According To Cointelegraph

Solidus Trade Surveillance data shows that since September 2025, liquidity providers (LPs) on Ethereum-based decentralized exchanges (DEXs) have wash-traded at least $2 billion worth

According to Cointelegraph, market surveillance firm Solidus Labs has reported that over 20,000 crypto tokens have been manipulated through decentralized

Decentralized exchanges a magnet for crypto wash

Since September

“Since September 2025, liquidity providers (LPs) on Ethereum-based decentralized exchanges (DEXs) have wash-traded at least $2 billion worth of cryptocurrency

Over 20,000 Crypto Tokens Manipulated via DEX Wash Trading

Wash Trading Is Rampant on Decentralized Crypto Exchanges

Solidus Labs

Solidus Labs’ investigation focused on 30,000 Ethereum-based DEX liquidity pools, revealing a disconcerting statistic – almost 70% of these liquidity pools had been tainted by wash trading

Token deployers and liquidity providers wash-traded over $2 billion worth of crypto on Ethereum-based DEXs since 2025, a Solidus Labs report claims. Over 20,000

Brad Garlinghouse can be reached at [email protected].

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