NFTs are being wash traded.
That’s when the buyer and the seller are secretly the same person.
Braden buys an NFT for $6. Sells it to Karen for $6,000 and then Todd for $60,000.
But actually Braden, Karen and Todd are all the same person.
Then a sucker buys at $2,000.
— JW Weatherman (@JWWeatherman_) August 27, 2021