Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades

Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

prediction market Kalshi is facing intense scrutiny over its newly launched crypto perpetual futures contracts, after a social media post flagged highly unusual market activity, alleging fake trading volumes.

The primary friction point is tied to how a healthy market is quantified, with allegations focusing on large trading volume relative to number of open positions.

IcoBeast.eth, who oversees product development at Kalshi, argued on X that the accusations stem from a misunderstanding of its platform mechanics.

CoinDesk reached out to Kalshi for further comment but did not receive an immediate response.

The controversy began after a quantitative analyst and co-founder of Stealth Neolab, who goes by the name Beni on X, flagged a massive discrepancy in Kalshi’s ether ETH$2,575.56 perpetual contract (ETH-PERP).

He noted that it logged $539 million in 24-hour trading volume against an open interest of just $3.1 million.

In other words, the trading volume is 174 times larger than the open interest.

This is typically seen as a textbook sign of wash or fake trading volume, whereby fake buying and selling lifts the aggregate trading activity tally while overall positioning, or money at stake, remains low.

Open interest refers to the total dollar value of active, outstanding contracts at any given moment.

Analiz: Piyasa hareketliliği devam ediyor.