Kalshi’s Ethereum perpetual futures trading from September 17 to 20 included orders of nearly $5,499 each that totaled $7.7 million, or 57% of the analyzed volume. According to Odaily, 43 of 46 sampled dates since June showed repeated fixed-amount trades. Kalshi’s public data did not disclose the traders’ identities, and the exchange did not explain the source of the repeated trades or why the target amount changed.