Large holder "larpas" sold off $3 million in Trump bets, causing Polymarket's Trump winning odds to plummet

2024-11-05 11:06:34

Collection

ChainCatcher news, according to Cryptopolitan, on the decentralized prediction market Polymarket, the chances of Trump's victory plummeted due to a large account "larpas" selling $3 million worth of Trump contracts, before slightly rebounding to 58.1%.

This large sell-off coincided with crypto analyst GCR announcing on Twitter that he had realized profits from his Trump bets, triggering panic among traders. GCR has been bullish on Trump since 2021, and this profit-taking has drawn widespread attention in the market.

Additionally, another large bettor "Théo" has invested over $30 million on Trump's victory, betting on him winning both the electoral votes and the popular vote. Théo stated that his trades are motivated by profit rather than political reasons, believing that polls underestimate Trump's supporters.

(Source Link)

Related tags

larpas Polymarket Trump GCR

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.