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Whales spent more than $70M in Polymarket bets on Trump’s victory
The post Whales spent more than $70M in Polymarket bets on Trump’s victory appeared on BitcoinEthereumNews.com. Whale wallets spent more than $70M in Polymarket bets on Trump’s election victory. The bids on Polymarket tokens originated with 10 major whales. A total of 10 whale wallets are behind the biggest number of bids favoring Trump as the winner of the US Presidential elections. In the final stretch before election day, more than $70M in bids were made in favor of Trump becoming an election winner. The whales spent exactly $70.6B to buy ‘yes’ tokens on Polymarket, driving up the Trump win chance to 66.7%. Polymarket marked another all-time high for bids on Trump’s side. Trump’s odds just set another all-time high against Kamala Harris. ???? Trump • 66.7% chance???? Harris • 33.3% chance pic.twitter.com/aULiYJlkpC — Polymarket (@Polymarket) October 29, 2024 Out of the 10 known wallets, four are considered to belong to the same person, one of the biggest single players. The top four wallets were linked to the identity of a French national with overwhelming interest in the US election. Polymarket reaches peak activity Polymarket is not a poll website, and the bets do not reflect research or statistics on actual election outcomes. However, the Polymarket bets and bids for ‘yes’ or ‘no’ tokens reflect the confidence or risk-taking of individual players. The volumes on the Trump-Harris betting pair reached $2.7B. Polymarket registered 31K unique active users, remaining the top app on Polygon. Polymarket reached peak user levels, remaining one of the top apps on Polygon. | Source: DappRadar Nothing prevents players from betting on the ‘no’ token for Kamala Harris winning the elections. Overall, holders of the opposite positions are more diverse but have smaller-sized bets. Polymarket also noted one trader bet on the ‘no’ token, but the rapid loss of value led to a deep loss. There are also other markets where the ratio…
The post Whales spent more than $70M in Polymarket bets on Trump’s victory appeared on BitcoinEthereumNews.com.
Whale wallets spent more than $70M in Polymarket bets on Trump’s election victory. The bids on Polymarket tokens originated with 10 major whales. A total of 10 whale wallets are behind the biggest number of bids favoring Trump as the winner of the US Presidential elections. In the final stretch before election day, more than $70M in bids were made in favor of Trump becoming an election winner. The whales spent exactly $70.6B to buy ‘yes’ tokens on Polymarket, driving up the Trump win chance to 66.7%. Polymarket marked another all-time high for bids on Trump’s side. Trump’s odds just set another all-time high against Kamala Harris. ???? Trump • 66.7% chance???? Harris • 33.3% chance pic.twitter.com/aULiYJlkpC — Polymarket (@Polymarket) October 29, 2024 Out of the 10 known wallets, four are considered to belong to the same person, one of the biggest single players. The top four wallets were linked to the identity of a French national with overwhelming interest in the US election. Polymarket reaches peak activity Polymarket is not a poll website, and the bets do not reflect research or statistics on actual election outcomes. However, the Polymarket bets and bids for ‘yes’ or ‘no’ tokens reflect the confidence or risk-taking of individual players. The volumes on the Trump-Harris betting pair reached $2.7B. Polymarket registered 31K unique active users, remaining the top app on Polygon. Polymarket reached peak user levels, remaining one of the top apps on Polygon. | Source: DappRadar Nothing prevents players from betting on the ‘no’ token for Kamala Harris winning the elections. Overall, holders of the opposite positions are more diverse but have smaller-sized bets. Polymarket also noted one trader bet on the ‘no’ token, but the rapid loss of value led to a deep loss. There are also other markets where the ratio…
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