As a seasoned crypto investor with a knack for predicting market trends and a keen interest in politics, I find myself intrigued by these whale movements on Polymarket. The recent selling off of shares by “larpas” and the aggressive accumulation by “zxgngl” betting on Donald Trump’s victory in the upcoming US elections is certainly a fascinating development.
As a crypto investor, I’ve recently liquidated my entire cryptocurrency holdings that were placed as a bet on Donald Trump winning the approaching U.S. elections. I made this move just prior to the American people casting their votes to determine who will become our next president.
As a crypto investor, I’ve noticed that the prominent “larpas” whale, known for its market predictions on Polymarket, has recently liquidated its position on Trump winning the upcoming elections, a move worth approximately $3.15 million according to data from the on-chain analytics service Lookonchain.
20 hours later, they made a move, and this action was taken following the transfer of approximately half a million dollars’ worth of USDC from the prominent cryptocurrency exchange Binance to increase their wager that Donald Trump would win the election.
Whale “larpas” is selling off all his shares betting on #Trump to win the #USelection!
~$3.15M worth of shares have been sold in the past hour.
Interestingly, just 20 hours ago, he withdrew 500K $USDC from #Binance to continue betting on #Trump to win the #USelection.
Just 20…
— Lookonchain (@lookonchain) November 4, 2024
According to reports, a significant cryptocurrency investor named “zxgngl” recently withdrew approximately $2.36 million worth of USDC stablecoin from Binance. This move appears to be an attempt to increase their investment in predictions made on Polymarket regarding former U.S. President Donald Trump winning the upcoming elections.
Currently, data from Polymarket indicates that zxgngl has invested a significant amount of approximately $18.3 million in the prediction that Donald Trump will win the 2024 U.S. Presidential election. With this investment, they own around 29.4 million shares, which currently stands as an unrealized profit of roughly $290,000.
Over an extended period, a significant investor in cryptocurrencies, often referred to as a “crypto whale,” has consistently increased their holdings. This whale now controls the largest number of shares, predicting that Trump will win the presidency, having recently surpassed another prominent crypto whale, Fredi9999, who currently owns 21.18 million shares in this particular market bet.
On Polymarket, the probability of Donald Trump winning the upcoming election peaked at 66.9% but dropped significantly during the weekend, now sitting at 57.7%. Despite this, polls indicate that the contest is likely to be close and may ultimately hinge on crucial swing states.
As reported by economist Justin Wolfers, Trump’s chances have noticeably decreased due to the apparent lessening of power from influential figures, coinciding with polls indicating that the competition is becoming increasingly close.
It’s important to point out that historically, the market depth on Polymarket has been quite shallow, which suggests that big bets could have a substantial impact on the probabilities of any given candidate. However, it appears that this liquidity has been increasing noticeably over the past few weeks.
It’s worth mentioning that Trump’s predicted probability of winning the election dropped significantly from 64% to 52%, according to the federally-regulated prediction market, Kalshi.
Read More
- SOL PREDICTION. SOL cryptocurrency
- UXLINK PREDICTION. UXLINK cryptocurrency
- DOT PREDICTION. DOT cryptocurrency
- APE PREDICTION. APE cryptocurrency
- USDE PREDICTION. USDE cryptocurrency
- EUR ZAR PREDICTION
- Rock Is a Lady’s Modesty Anime Premieres in 2025; Everything We Know So Far
- USD MYR PREDICTION
- EUR UAH PREDICTION
- OKB PREDICTION. OKB cryptocurrency
2024-11-05 19:26