A bettor known as “Larpas” on the Polymarket platform sold shares valued at $3 million, tied to Donald Trump’s electoral performance. This happened at the time of a decrease in bets in favor of the former president.
The massive sale occurred in just two hours, directly impacting bets in favor of Trump, which fell to 57%, indicates the on-chain analysis firm, Arkham.
This event was preceded by a recommendation from GiganticRebirth (GCR), a well-known trader and investor, who posted a message on take profits and not leverage bets on the 2024 presidential elections.
GCR said: “I made profits from my electoral positions. I would suggest not getting leveraged or betting recklessly.” Just a minute after this post, Larpas began its massive saleas tracked by Arkham Intelligence.
The impact of the sale of Larpas was significant. Known as one of the “whales” of Polymarket, Larpas You have the ability to significantly influence due to the size of your bets.
“Polymarket’s ‘Larpas’ whale sold $3 million in Trump shares in the last 2 hours, while Polymarket’s odds for Trump fell 4%,” the analysis platform reported.
Despite the setback, bets on Trump recovered slightly after the eventstanding at 58%, compared to 42% for Kamala Harris, at the close of this report.
This betting market, which already accumulates more than $3.1 billion in total just for the November 5 electoral event, reflects the intense speculation and financial interest around the US elections, as reported by CriptoNoticias.
The cryptocurrency market is also closely watching the dynamics on Polymarket. Specialists have suggested that a Trump victory could trigger an exponential increase in BTC prices, anticipating a positive impact on the technology and financial sector.
Whatever it may be, the betting market, represented by platforms such as Polymarket, continues to be an interesting thermometer to measure the financial pulse and the anticipation of electoral results, reflecting not only political trends, but also market psychology and economic expectations.
This article was created using artificial intelligence and edited by a human Editor.
