Solana trading glossary
What is wash trading in crypto?
Also called: Fake volume, Volume bots
Trading a token back and forth between wallets controlled by the same party to make volume and activity look larger than they are.
Volume is one of the first numbers traders and trending lists look at, so it is one of the easiest to fake. On Solana, cheap transactions make it possible to run bots that buy and sell the same token all day between a set of wallets. The wallets lose only fees, and the token shows millions in daily volume.
Wash trading often comes with a very high number of trades from few unique wallets, volume far larger than the pool's liquidity would normally support, and trade sizes that repeat in a pattern.
Why it matters before you trade
Fake volume gets a token onto trending lists and makes it look liquid. When the bots stop, volume drops and there are few real buyers left. Treat volume as a claim to check, not proof of demand.
How NAVI shows it
NAVI does not have a wash-trading detector, and it does not label trades as fake. What it gives you to cross-check volume is the liquidity check on each token page and today's volume against the token's own seven-day average in the lifecycle stage. A token with huge volume, a thin pool and a concentrated holder list deserves suspicion.
Related terms
- Liquidity poolA pair of token reserves on a decentralized exchange that traders swap against. Its size decides how much you can buy or sell before the price moves.
- Bundled supplySupply bought at launch by one party through many wallets at the same moment, so the holder list looks spread out when it is really one position.
- Smart moneyWallets with a record of profitable trades that other traders watch, and sometimes copy, as a signal.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.