Solana bot turns just $12,000 into $1.4 billion in trading volume as fake liquidity floods Raydium
Photo: CryptoSlate
A single Solana wallet generated $1.4 billion in suspected wash trades, accounting for nearly a quarter of Raydium's concentrated-liquidity volume. On Oct. 21, blockchain analytics firm Bitquery reported that the wallet accounted for 22.7% of the $6.17 billion traded across Raydium's concentrated liquidity market maker (CLMM) pools between Sept. 21 and Oct. 20. The investigation identified 108,871 swaps across 438 pools, many containing tokens that imitated established cryptocurrencies such as XRP , Litecoin , Monero , and Lisk .
Source: CryptoSlate
