Now i am wondering is it true? like really BTC is involved in P&D schemes because Wash trading is another term for P&D schemes and both have the same purpose to manipulate the BTC trading volume to control its price for their own benefit.
Wash trading only focus on increasing exchange volume through a series of fake by and sell using market maker bot but it doesn’t pump the market at all because it just keep buying and selling as the market moves. Still those buy and sell from legit traders are the one dictates the price pump and dump and not the wash trasing from exchange to increase volume.
Wash trading is true but pump and dump scheme is not from wash trading because exchange don’t need to pump the market just to fake their volume. They can do it by just quick buying and selling with low price spread.