On social media there are a these large prices shared about NTF sale price The transactions are all likely to be organized by the same entity. A, B and C are a

On social media there are a these large prices shared about NTF sale price The transactions are all likely to be organized by the same entity. A, B and C are all buying and selling this NFT for headline grabbing price. The problem is they're all the same people trading at high prices to get attention That's when the mark will come in attracted by large prices shared on social media. The mark will be unaware of the wash trading and they will paying what they think is a market price but is really a constructed price by one colluding entity. There is no large group of people willing to pay this price for the product it is an illusion The colluding group is able to sell well above a realistic market price to the mark. A highly profitable scheme. This is the basic breakdown of the wash trading scam which is the basis for NTFs