8 months ago
A caller Polymarket trader, “Theo4,” has executed implicit $12 cardinal successful high-frequency bets connected Donald Trump’s chances of winning the 2024 US Presidential Election wrong 3 days. Operating nether the wallet code 0x5668, Theo4 joined the level this period and has rapidly amassed implicit $7.1 cardinal successful positions.
Polymarket trader illustration | Source: PolymarketMost of their trades absorption connected markets predicting Trump’s victory, including a presumption of 7,553,789 shares successful “Will Donald Trump triumph the 2024 US Presidential Election?” purchased astatine an mean terms of 58 cents per share. With the existent terms astatine 61 cents, this presumption unsocial yields a nett of astir $237,158.
In summation to betting connected Trump’s wide victory, Theo4 has placed important wagers connected related markets, specified arsenic Trump winning the fashionable ballot and a Republican campaigner securing some the fashionable ballot and the presidency. The trader’s enactment besides includes markets connected the Republican Party’s occurrence and outcomes successful cardinal states.
Despite the precocious trading volume, the trader has maintained a nett exceeding $346,000. The accelerated accumulation of positions indicates beardown assurance successful the Republican Party’s show connected Polymarket successful the upcoming election, purchasing caller positions careless of price.
Theo4 has present surpassed PrincessCaro arsenic the second-largest holder of Trump positions connected Polymarket. The 3 apical holders person consistently bought up the bid publication passim October arsenic Trump’s accidental roseate from 50% to 61%.
The station New whale makes $12 cardinal precocious frequence Trump bets connected Polymarket successful 3 days appeared archetypal connected CryptoSlate.
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