Kalshi has provided an explanation regarding nearly $5 billion in Ether perpetual trades that were observed to be similarly sized. The trading platform clarified that this substantial volume of activity reflected the effects of its implemented liquidity incentive programs, offering its perspective on the recent market movements.
Furthermore, Kalshi explicitly rejected allegations that this specific trading activity amounted to wash trading. The company also confirmed that the Commodity Futures Trading Commission has not yet contacted it regarding the unusual nature of the trading patterns in question.