01 Anatomies of On-Chain Wash Trading
Many purported high-win-rate wallets are automated market makers or developer self-trades. Leaving them unfiltered degrades signal reliability.
Insider & Wash Wallets: Why They Must Be Excised from Smart-Money Lists
Abnormal high-frequency churning and circular wash trading carry distinct signatures that must be pruned to curb false alarms.
Lee··14 分钟·Risky Accounts
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Key findings
- Wash-trading accounts synthesize volume via micro-transactions to spoof retail algorithms.
- Insider wallets often exhibit cluster lineage tied to initial deployers.
- Filtering anomalous signatures is vital for reliable on-chain alpha models.
Distribution of Suspicious Wallets (Demo Data)
High-frequency churning and wash trading exhibit distinct on-chain signatures that must be excised.
Normal Wallets
Suspicious Wallets
数据来源：LeeOnChain · Demo Data
02 Insider Cluster Signatures
Graph analysis of pump-and-dump episodes demonstrates that insider wallets share common patterns: extreme pre-launch concentration and coordinated exit dumps.
03 Exclusion Rules & Risk Utility
Pruning these addresses suppresses false positives and shields risk models against deliberate manipulation.