Maker Transactions
Compares unique traders vs total transactions. Few wallets + many trades = sus.
What It Detects
Wash trading — same wallets trading back and forth
Bot activity — high tx count from few participants
Fake volume — inflated numbers from concentrated activity
How It Works
Count unique wallets that traded
Count total transactions
Compare ratio against age-appropriate threshold
Flag if ratio is too low (few traders, many txs)
Age-Aware Analysis
New tokens naturally have fewer participants. Thresholds adjust based on token age:
Token Age
Young (<36h)
Established
EVM tx threshold
12
Higher
Solana tx threshold
6
Higher
Why It Matters
High volume from few wallets is a red flag. Healthy trading has many participants, not 3 wallets swapping 500 times.
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