Kalshi’s $5,499 Question: Wash Trading, Or A Subsidized Volume Machine? Kalshi’s Ethereum perpetual futures contract has a favorite trade size, and it’s $5,499. A CoinDesk analysis published Monday pulled 3,450 trades in the contract, a futures product with no expiry that tracks the spot price of ether, from 23 one-hour windows between September 17 and 20. Of those, 1,406 landed within $2 of $5,499. That’s $7.7 million of the $13.5 million sampled, or 57% of the dollar volume. Bitcoin perpetuals showed the same thing with different numbers: trades near $2,500 and $5,000 made up 54% of the $8.5 million sampled.… — Continue at ZeroHedge News : Read More
