Trader Shares Strategy to Fight Manipulators in NFT Marketplace

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Manipulators usually engage in multiple bids, and increase the prices over a short period.
They spoof the market to attract unsuspecting bidders on whom they would dump inflated NFTs.
SD identifies @9082D2, ranking in the 5th position on the BLUR NFT leaderboard as a manipulator.

An acclaimed NFT trader with the Twitter handle @nfexdragon used the social media platform to educate other traders on identifying manipulators in the BLUR NFT marketplace. In a thread, the trader, also known as SD, noted that manipulators usually engage in multiple bids, increase the prices over a short period, and attract other unsuspecting bidders in an illegal practice called spoofing.

Here's how this manipulator operates. They usually bid for a collection of over 30-80 items, and there will be a short time period where they start to increase their bid sharply with large amount size.
— SD (@nfexdragon) March 25, 2023

SD identified a manipulator ranking in the 5th position on the BLUR NFT leaderboard, with the ID @9082D2. According to SD, manipulators like @9082D2 usually bid for collections with over 30-80 items, increasing their bids to large amounts to lure other traders. H…

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