Daniel AJ SokolovI want you to listen to me. I'm going to say this again: There are no #washtrades with shares of Trump Media & Technology Group Corp. (#DJT); not a single time, never. These allegations are false!
William Canna-bass@newstik what ia wash trade?
@JizzelEtBass I sell you a wedge for $10. You sell me that wedge back for $11. I sell the wedge back to you for $12. Wow, wedges went up 20% in a single day! #washtrades
@JizzelEtBass "Wash trading is a way to fake sales and increase the price of an NFT. This can be done by selling an NFT back and forth between two wallets of your own, which can make it appear as if the NFT is popular"
https://www.sciencedirect.com/science/article/pii/S0378720623001465
It was pervasive in NFT, and some insiders say it is widely used in "selling" soccer players, where the side effect is money laundering at the same time.
But nobody would ever do that with #DJT shares. It's not only illegal, but immoral!