Analyst: CoinMarketCap data shows serious problems with dishwashing transactions

Cryptocurrency analyst Mati Greenspan said on Twitter today, "I think this kind of wash trading on CoinMarketCap is a bit out of control. The reported 24-hour Tether transaction volume is almost 5 times the total market value. If we believe these numbers, it is in circulation today 30% of BCH, 66% of EOS, and 93% of LTC have been traded. "Cryptopotato article said that it further found that much of LTC's trading volume comes from less popular exchanges. (Cryptopotato