2024

Bitcoin

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>Some investors placed big bets on the decentralized <a href="https://www.altcoinbuzz.io/?s=prediction" target="_blank" rel="noopener noreferrer nofollow">prediction</a> market Polymarket.</strong></h4>
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     The biggest winner, known as “Theo4,” has already made a huge $20.4 million profit. Let’s discover more about this important news for Polymarket.
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<h5><strong>Crypto Whales Cash In Big on Pro-Trump Bets</strong></h5>
<p>According to data shared by Lookonchain on Nov. 6, another big account, “Fredi9999,” earned over $15.6 million, and a third whale, “zxgngl,” pocketed more than $11 million.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Congratulations to <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a>!</p>
 <p>And congratulations to the whales who bet on <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trump</a>!</p>
 <p>“Theo4” makes a profit of $20.4M!</p>
 <p>“Fredi9999” makes a profit of $15.6M!</p>
 <p>“zxgngl” makes a profit of $11M!<a href="https://t.co/qZJOfUapGv" rel="noopener noreferrer nofollow">https://t.co/qZJOfUapGv</a> <a href="https://t.co/IDcENABNHD" rel="noopener noreferrer nofollow">pic.twitter.com/IDcENABNHD</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1854057565396885924?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 6, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In October alone, 10 major whale accounts on Polymarket poured in $70.6 million worth of USD Coin (USDC), a popular stablecoin, to place bets on a <a href="https://www.altcoinbuzz.io/?s=trump" target="_blank" rel="noopener noreferrer nofollow">Trump</a> win. On Oct. 18th, Fredi9999’s account boosted Trump’s odds on the site by buying more than $20 million worth of “Yes” shares, which pushed Trump’s likelihood above 60%. Later in the month, on Oct. 28, Trump’s odds climbed to 66% when zxgngl put $7.22 million into his own “Yes” bets.</p>
<h5><strong>More About Polymarket</strong></h5>
<p>Polymarket, a decentralized betting platform, allows users to place bets on a range of future events, including politics. It’s popular among crypto fans who want to profit from their predictions. The platform promises high returns for correct bets, but it also warns users about the risks, as not all predictions work out.</p>
<p>PONER</p>
<p>These large bets</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">10 whales spent $70.6M betting on <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Trump</a> winning the US election on Polymarket in October.<a href="https://twitter.com/hashtag/DonaldTrump?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DonaldTrump</a> currently has a 66.7% chance of winning the US election on Polymarket. <a href="https://t.co/uc5DEPXkc6" rel="noopener noreferrer nofollow">pic.twitter.com/uc5DEPXkc6</a></p>
 <p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1851288346653585620?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 29, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> gamble, with investors banking on Trump’s projected victory in 2024. Polymarket states that the winner of the market will be decided once the Associated Press, Fox, and NBC all announce the same candidate as the official winner. For now, these <a href="https://www.altcoinbuzz.io/?s=whales" target="_blank" rel="noopener noreferrer nofollow">whales</a> are sitting pretty, hoping to cash in big if Trump is declared the winner.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/polymarket-whales-score-big-on-trump-bets/" rel="noopener noreferrer nofollow">Polymarket Whales Score Big on Trump Bets</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Polymarket Whales Score Big on Trump Bets

Altcoin Buzz

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