【Kalshi Accused of “Wash Trading”? Repeated $5,500 Trades Spark Controversy🔥】 Click the Gate link below to join the group and claim strategies! https://gate.onelink.me/Hls0/group?chatroom=AxfYQ250RA Kalshi has recently been accused of “inflating crypto trading volume.” The reason is simple: A quantitative analyst found that Kalshi’s ETH perpetual contract 24-hour trading volume had reached $539 million at one point, while open interest was only $3.1 million—a difference of more than 170 times. Even stranger, a large number of trades involved nearly identical individual amounts of $5,500, leading the analyst to suspect that trading volume was being artificially generated. Kalshi, however, denied the wash trading allegations. Kalshi’s head of crypto said the market has misunderstood the trading volume, and that some of the platform’s trading volume figures use the “maximum potential payout amount,” which does not equal the actual cash invested by users. Simply put, seeing “$539 million in trading volume” does not mean that $539 million in cash was actually repeatedly circulating in the market. The question is: What is truly worth paying attention to here? It ultimately comes down to one core question—how should trading volume in the crypto market be interpreted? 📌 There is currently a clear discrepancy between the two sides’ interpretations of the trading data, and the wash trading allegations have yet to be confirmed. Next, it remains to be seen whether Kalshi can further disclose its data and mechanisms, allowing the market to determine how much real demand is behind these trades. ‍#Kalshi

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