Second largest NFT marketplace apparently 87% wash trading

Wash trading, wherein a seller buys and sells the same asset to generate a false impression of marketplace activity and demand, appears to be most of the action on NFT marketplace Looksrare.

Decrypt:

NFT analytics firm CryptoSlam reported today that it has identified more than $8.3 billion worth of wash trading from LooksRare, making up the vast majority of trading volume on the marketplace to date. — Read the rest