Key Highlights
- Two newly minted Polymarket wallets made hefty “YES” bets on the Axiom insider-trading question.
- One wallet flaunts a $35.7K profit from a $59.5K stake, while another boasts $73.4K profit from a $109.4K bet.
Well, well, well, look who’s making millions while the investigation is still hot off the press. Insider traders, naturally, were quick to cash in on the chaos as ZachXBT named Axiom as the latest culprit in his insider trading exposé. While our intrepid hero was uncovering the truth, two fresh wallets on Polymarket were busy betting “YES” on the question, “Will Axiom be accused of insider trading?” Turns out, the answer is apparently as clear as the rising profits on those wallets, which now sit at a solid 100¢ in the market.
According to Lookonchain, these wallets-12 of them, to be exact-are laughing all the way to the bank, profiting a cool million just by guessing which company ZachXBT would drag into the scandalous limelight.
Take this first wallet for instance: a $59.5K stake, and a juicy $35.7K profit. That’s roughly +149%. A solid day’s work for any shady character in the world of crypto.
And then there’s the second wallet, clearly aiming for a higher level of greed. This one boasts a $109.4K position and an eye-watering $73.3K profit- +203%! A small fortune, and it wasn’t even earned by doing anything remotely legitimate.
Market shifts as the investigation unfolds
Prediction markets, those delightful indicators of where the wind blows, are reacting to the unfolding drama in real time. As ZachXBT digs deeper, the markets aren’t just betting on token prices-they’re wagering on the very reputations and legal outcomes of these crypto firms. It seems that while the rest of us sit back and wait for justice to be served, these traders are already reaping the rewards.
In contrast to traditional markets, prediction platforms allow participants to trade directly on outcomes driven by the headlines. It’s a real-time emotional rollercoaster, where everyone is betting not just on the price of a coin, but on the very reputation of the companies involved. A fascinating spectacle, if not a particularly ethical one.
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2026-02-26 19:48