Magic Eden has been gaining some traction in the English-speaking region today. The reason is that a certain individual requested @MagicEden to delist two Rune tokens suspected of wash trading, and this is the 103rd day he has spoken out.
😂
He pointed out that ME has removed TANOOKI from the Rune trading leaderboard Top 10 due to suspected wash trading, but why is there no action taken against the other two more obvious problematic tokens?
He also mentioned that the transaction fees for these two tokens are very low, not worth it, and they are taking up space for quality projects in the top ten list.
░░Then a Magic Eden official responded in his comment section: The reason Tanooki was delisted is that the official found several specific wallets engaging in high-frequency wash trading, so it was removed. They kept the low-volume tokens because these projects might come from real niche communities in East Asia, and the official does not mind the low fees. The key question is why the other two tokens were not delisted; it’s because this person lacks evidence
🤣
, and they will only reconsider when evidence of on-chain wash trading is provided.
☛☛☛ Another buzz regarding ME is actually not very hot and has not caused much ripple; it's just that someone discovered a technical glitch on the Magic Eden platform. When viewing apartment NFTs, he was incorrectly redirected to a certain account page, finding that it had nothing to do with the ApeCoin contract and was not an official NFT.
Lastly, let’s talk about the dangers of wash trading
⚠️
which includes wash trading, volume manipulation, to put it bluntly, it’s when one person or the project team sells to themselves and then buys it back, creating false trading activity. This way, the trading history looks very active, and the trading volume is very high, causing prices to soar and attracting the attention of unsuspecting external buyers.
$ME
😂
He pointed out that ME has removed TANOOKI from the Rune trading leaderboard Top 10 due to suspected wash trading, but why is there no action taken against the other two more obvious problematic tokens?
He also mentioned that the transaction fees for these two tokens are very low, not worth it, and they are taking up space for quality projects in the top ten list.
░░Then a Magic Eden official responded in his comment section: The reason Tanooki was delisted is that the official found several specific wallets engaging in high-frequency wash trading, so it was removed. They kept the low-volume tokens because these projects might come from real niche communities in East Asia, and the official does not mind the low fees. The key question is why the other two tokens were not delisted; it’s because this person lacks evidence
🤣
, and they will only reconsider when evidence of on-chain wash trading is provided.
☛☛☛ Another buzz regarding ME is actually not very hot and has not caused much ripple; it's just that someone discovered a technical glitch on the Magic Eden platform. When viewing apartment NFTs, he was incorrectly redirected to a certain account page, finding that it had nothing to do with the ApeCoin contract and was not an official NFT.
Lastly, let’s talk about the dangers of wash trading
⚠️
which includes wash trading, volume manipulation, to put it bluntly, it’s when one person or the project team sells to themselves and then buys it back, creating false trading activity. This way, the trading history looks very active, and the trading volume is very high, causing prices to soar and attracting the attention of unsuspecting external buyers.
$ME