Could be money laundering related too. Buy NFTs for small sums with clean crypto, sell it to your dirty wallet for inflated sums. In order for something like th

Could be money laundering related too. Buy NFTs for small sums with clean crypto, sell it to your dirty wallet for inflated sums. In order for something like that to work there needs to be plausible deniability so they also buy NFTs with clean wallets which would explain the volume. Plus the legitimate crypto speculators see these crazy numbers and jump aboard too.