Since September

Over 20,000 Crypto Tokens Manipulated via DEX Wash Trading

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

Understanding Wash Trading in Crypto

Liquidity providers have conducted wash

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

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.

Wash Trading Is Rampant on Decentralized Crypto Exchanges

Token price manipulation is rampant

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

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

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

Decentralized exchanges a magnet for crypto wash

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

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

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