Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: ‘Recommend Against Leverage And Reckless Gambling’
Posted On November 5, 2024
A Polymarket whale dumped around $3 million in bets on a Donald Trump victory after an influential trader hinted at taking profit on his positions tied to the former President.
What Happened: The whale known as ‘larpas‘ sold $3 million worth of shares in Trump, according to a Monday X post by on-chain tracking firm Arkham Intelligence.
This sale, which occurred within minutes after a post by renowned cryptocurrency trader Gigantic-Cassocked-Rebirth, or GCR, resulted in a 4% drop in Polymarket odds for Trump.
However, the odds recovered by 2% after the sale, returning to 58.6% as of this writing, data from Polymarket showed.
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