Solana wallet suspected of $1.4 billion wash trading on Raydium
Current overview (not historical)
A Solana wallet conducted 108,871 swaps across 438 Raydium concentrated liquidity pools from Sept. 21 to Oct. 20, accounting for 22.7% of the $6.17 billion traded, using approximately $12,000 in working capital to generate transactions worth millions of dollars. Bitquery identified the activity as suspected wash trading, with the wallet turning just $12,000 into $1.4 billion in trading volume amid fake liquidity flooding Raydium.
Written with AI from the reporting · updated 10/22/2026
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New at this step ·Solana wallet generates $1.4 billion in suspected wash trading on Raydium
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- CryptoSlate · Third-partySolana wallet generates $1.4 billion in suspected wash trading on RaydiumOriginal source ↗
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1 developments10/23/2026, 12:28:38 AM
Solana wallet generates $1.4 billion in suspected wash trading on RaydiumCryptoSlate
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- 1Oct 21, 00:00recorded Oct 23, 00:28single sourcerevised
Solana bot generates $1.4 billion in suspected wash trades o
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- CryptoSlate · Oct 23, 00:20Solana wallet generates $1.4 billion in suspected wash trading on Raydium
A single Solana wallet accounted for 22.7% of Raydium's concentrated liquidity volume, generating $1.4 billion in trading from just $12,000 in working capital. Blockchain analytics firm Bitquery identified 108,871 swaps across 438 pools, many featuring tokens mimicking established cryptocurrencies like XRP and Litecoin.
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- CryptoSlateSelectedSolana wallet generates $1.4 billion in suspected wash trading on Raydium
A single Solana wallet accounted for 22.7% of Raydium's concentrated liquidity volume, generating $1.4 billion in trading from just $12,000 in working capital. Blockchain analytics firm Bitquery identified 108,871 swaps across 438 pools, many featuring tokens mimicking established cryptocurrencies like XRP and Litecoin.
Event activity trend
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- 310月24日 18:00
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