A suspicious account made a 35x profit on a pump-and-dump scheme, buying 2 hours before on the belief that the Suez Canal would reopen.
According to PolyBeats monitoring, on the Polymarket prediction market, 1 account has placed a $10.0k bet on "Is the Suez Canal back to normal transit this month?" with the current "Yes" probability at 26.5%.
This account previously profited $475.6k (+3,503%) by betting on "US-Iran ceasefire by April 7th" when the probability was below 3%.
Note: Based on their trading history, this trader does not necessarily believe in the actual outcome of events and may engage in profit-taking or stop-loss behavior at certain points after opening a position.
Account:
0xd7375270e4769d3cc31885773070a5f12d5bbe95
Total Investment: $10.0k
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See tomorrow, today. Follow @PolyBeatsEN for early access to future events.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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