According to trevor.btc (@TO), Solana memecoins provide a much better user experience for wash trading and generating fake volume compared to Runes, primarily because Solana's network offers fast transaction speeds and nearly zero gas fees. This results in inflated trading volumes on Solana-based memecoins, making it harder for traders to assess real liquidity and market depth. In contrast, Runes are considered better in most other aspects, but their higher transaction costs make wash trading less attractive. Traders should be cautious when analyzing Solana memecoin volumes, as fake activity may distort price trends and liquidity signals (Source: trevor.btc on Twitter, June 2, 2025).

According to @ThinkingUSD, DeFi protocols are exhibiting significant fake volume numbers as they attempt to compete, raising concerns about wash trading in the industry.