PANews
PANews|Jan 06, 2026 10:41
[Analyst: Three Wallets Suspected of Insider Trading During Infinex Public Offering] Analyst The Poly Nerd posted on platform X, stating that three wallets are suspected of engaging in insider trading during the Infinex public offering. Initially, sales progressed slowly due to strict KYC requirements and a $2,500 per-user cap, which posed significant obstacles. Most people on the Polymarket platform expected sales to fall within the $2 million to $3 million range. However, the situation then reversed: the probability of reaching higher targets suddenly surged, with the probability of hitting the $5 million target jumping from around 20% to approximately 70%. At the same time, a large number of orders began flowing into the $3 million, $5 million, and even $10 million targets. These three wallets were all newly created accounts opened just one day prior. Their betting proportions in the $5 million target pool were relatively similar, and they all reduced their margins on higher targets to maximize profits.
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