Kalshi CEO Tarek Mansour firing back at claims their $BTC and $ETH perps volumes are fake
Analysts flagged that a handful of recurring trade sizes made up 50%+ of total volume on their perps markets. Looks sus on the surface
Mansour says it's just market makers running fixed-size orders, not manipulation. Called out critics on X saying "people misunderstand markets"
Translation: Either this is standard MM behavior or they're gaslighting. Volume inflation is a known playbook in crypto—exchanges pump numbers to attract liquidity and users
Watch how this plays out. If Kalshi's perps volumes stay inflated with zero organic retail flow, that's your answer
Analysts flagged that a handful of recurring trade sizes made up 50%+ of total volume on their perps markets. Looks sus on the surface
Mansour says it's just market makers running fixed-size orders, not manipulation. Called out critics on X saying "people misunderstand markets"
Translation: Either this is standard MM behavior or they're gaslighting. Volume inflation is a known playbook in crypto—exchanges pump numbers to attract liquidity and users
Watch how this plays out. If Kalshi's perps volumes stay inflated with zero organic retail flow, that's your answer