In crypto, wash trading usually refers to the practice of exchanges or project creators colluding to trade the same asset back and forth in order to make the volume/liquidity/popularity look greater than it is.

- "Our coin hit $100M daily volume, get on this rocketship before it's too late!"

- "Our exchange does $1B annually, so you know we're trustworthy!"

- "Hey investors, look at the massive demand for our GPUs (driven by the company we invested $100B)!"