Baleias da Solana estão bombando pequenos novos tokens de meme, criando tráfego e volumes artificiais
As baleias da Solana estão orquestrando movimentos coordenados em tokens de meme de pequena capitalização—artificialmente inflando métricas de engagement e liquidez para criar a ilusão de demanda orgânica.
Estratégia de Bombagem e Despejo em Tempo Real
Grandes detentores acumulam posições significativas em tokens recém-lançados com baixa liquidez, em seguida, executam transações wash trading entre carteiras controladas. Essa atividade gera volumes falsos que aparecem em agregadores de dados, atraindo traders retail para a armadilha de liquidez artificial.
O Efeito Cascata nas Corretoras
Exchange listings automáticos—baseados em algoritmos de volume—começam a acionar mais cedo devido à atividade sintética. Isso cria um ciclo feedback positivo temporário: listagens geram mais visibilidade, que gera mais entrada de capital real... antes que as baleias despejem suas posições no pico artificial.
Por que Solana? Liquidez e Velocidade
A blockchain da Solana oferece taxas de transação microscopicamente baixas e confirmações quase instantâneas—o ambiente perfeito para operações de bombagem de alta frequência e saída rápida que seriam economicamente inviáveis em redes mais lentas ou caras.
O mercado crypto: onde a 'demanda orgânica' muitas vezes significa 'alguns whales com múltiplas carteiras e muito tempo livre'.
Solana DEX users retreat, volumes remain high
The potential for wash trading on Solana and the presence of whales are reflected in the shift of active users.
Solana DEX volumes remained relatively high, reaching $3.74B in 24 hours. The volumes recovered from the slump in April and May, rising to a higher baseline.
Solana DEX activity slowed down from its peak, though fees, volumes and economic activity were high. On-chain analysts suspect the usage of fake wallet armies, boosting new small meme tokens. | Source: The Block
At the same time, traders saw a significant outflow in 2025. As of September 2025, Solana carried around 1M traders daily, with 300K single-day traders and around 600K repeat traders. The chain still retains higher economic value, but there are reports that the ‘trenches’ and retail are not that influential.
One whale creates fake JUP volumes
Wash trading not only affects meme tokens but can also pump existing assets linked to other Solana projects.
Jupiter’s native token JUP is one example. On-chain analysts have noted that a single whale produced outsized trading volumes.
The whale used lending facilities to generate up to $48.8B in trading volume in a short timespan. The whale did not make profits, but the constant buying and selling of tokens kept the wallets ready to benefit from any token rally or inflows of external liquidity.
The wallet’s history shows constant small swaps between USDC and JUP, leading to the inflated volumes. The wallet adds to the general presence of high-frequency bots deployed on DEX pools.
The presence of fake volumes may undermine trust in Solana, as the chain boasts record metrics in terms of value locked and fee production. At the same time, fake volumes and hype are one of the factors leading to fee extraction for apps.
Whale wash trading is somewhat similar to bot activities. However, recent data shows anonymous whales now target even smaller projects. Their activity is more limited than market-makers pumping celebrity tokens, but it can still lead to losses for any retail buyers.
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