🚨 KALSHI’S ETH PERPETUAL VOLUME UNDER SCRUTINY
According to BlockBeats, trades executed on Kalshi’s Ethereum perpetual futures market between September 17–20 included transactions of roughly $5,499 per trade, with these trades totaling approximately $7.7 million — around 57% of the analyzed volume. $ETH
Even more notable: among 46 sampled dates since June, 43 reportedly showed repeated fixed-amount transactions.
Kalshi’s public data does not identify the traders behind these transactions, and the platform has not publicly explained the source of the repeated trades or why the target amounts changed.
Quant analyst Beni previously questioned whether some of Kalshi’s crypto trading activity could be contributing to artificially inflated volume, citing multiple data points in support of the concern.
⚠️ Important: These observations do not by themselves establish that Kalshi manipulated or fabricated trading volume. They raise questions about the source and structure of the reported activity.
📊 The real question: What is driving these repeated, fixed-size transactions?
Source: BlockBeats / CoinDesk
According to BlockBeats, trades executed on Kalshi’s Ethereum perpetual futures market between September 17–20 included transactions of roughly $5,499 per trade, with these trades totaling approximately $7.7 million — around 57% of the analyzed volume. $ETH
Even more notable: among 46 sampled dates since June, 43 reportedly showed repeated fixed-amount transactions.
Kalshi’s public data does not identify the traders behind these transactions, and the platform has not publicly explained the source of the repeated trades or why the target amounts changed.
Quant analyst Beni previously questioned whether some of Kalshi’s crypto trading activity could be contributing to artificially inflated volume, citing multiple data points in support of the concern.
⚠️ Important: These observations do not by themselves establish that Kalshi manipulated or fabricated trading volume. They raise questions about the source and structure of the reported activity.
📊 The real question: What is driving these repeated, fixed-size transactions?
Source: BlockBeats / CoinDesk