Billion-Dollar Volumes and Then a Steep Drop Prompts Allegations of Wash Trading on Aevo

Asked about the accusations, Aevo founder Julian Koh told CoinDesk: 'Some users were pumping volumes to $1 billion+, to get more of our airdrop. But the snapshot was taken last week so it's not happening anymore.'

Protocols including Blast, Ether.Fi and EigenLayer have seen their total value locked (TVL) soar lately as traders engage in something called airdrop farming - essentially parking money to get loyalty points that might get converted into potentially valuable tokens if the protocols issue them via an airdrop.

Read at Coindesk