Analysts: Three wallets suspected of insider trading during Infinex IPO.

PANews reported on January 6th that analyst The Poly Nerd published an article on the X platform alleging that three wallets were involved in insider trading during the Infinex public offering. Sales initially progressed slowly due to strict KYC procedures and a $2,500 cap per user, with most on the Polymarket platform expecting sales to fall between $2 million and $3 million. However, the situation then reversed: the probability of reaching higher targets suddenly surged, with the probability of reaching $5 million jumping from approximately 20% to about 70%. Simultaneously, a large number of orders began flowing towards targets of $3 million, $5 million, and even $10 million. These three wallets were all newly opened accounts just one day prior, and their betting proportions on the $5 million target pool were relatively similar, with all three lowering their margin requirements on higher targets to maximize profits.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
All three major U.S. stock indexes closed lower, with COIN falling more than 7.59%.
PANews Newsflash