Wash Trading
a.k.a. Wash trades
Buying and selling the same asset with yourself, or a partner, to fake trading activity; illegal in regulated markets.
Wash trading is trading with your own reflection. The same person, or people working together, buy and sell to each other over and over. No real change in ownership happens, but the market sees a flurry of volume that suggests strong interest.
It is used to lure in real buyers, pump rankings on exchanges or NFT marketplaces, or manipulate prices. It is banned in regulated markets and has been a persistent problem on loosely regulated crypto platforms. Suspiciously high volume with little real movement in price is a warning sign.
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