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Hyperlane volume data is questioned by LayerZero co-founder for possible wash trading.

GateNews

2025-06-05 23:35:43

HYPER61,99%

According to Gate News bot, Bryan Pellegrino, co-founder of LayerZero, has questioned the volume data of the cross-chain communication protocol Hyperlane. Bryan Pellegrino pointed out that there are specific addresses making $24,000 round-trip transactions every 30 seconds, creating false trading volume.

Hyperlane responded that the relevant transaction behavior comes from users who pursue HYPER rewards and has nothing to do with the protocol party. Bryan Pellegrino further pointed out that there is an unfair distribution of Hyperlane token rewards. It is worth noting that LayerZero has implemented large-scale anti-Sybil measures when it previously conducted token airdrops.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

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GoodLuck

· 2025-06-05 23:42

Hold on tight, we are taking off To da moon 🛫

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ToAttractWealthAndTr

· 2025-06-05 23:39

This is seeing others making money while my platform is terrible and no one is watching! It's frustrating.

View OriginalReply0