The crypto market has observed whale trading and controversial prediction market movements in the past 24 hours.
According to on-chain data, addresses associated with Paradigm have unstaked 16,000 ETH (approximately $50 million) and deposited it onto the Coinbase exchange within the past 24 hours. During the same period, address 0x4553, identified as an early Ethereum investor, exchanged 7,828 ETH ($24.6 million) for 269 WBTC in the past two hours.
A controversial incident has come to light in the Polymarket prediction market. Three “insider” wallets reportedly predicted that Venezuelan President Nicolás Maduro would resign hours before his arrest, netting a total of $630,484 in profits.
The three wallets in question are said to have been created and funded several days ago, made high predictions shortly before the arrest, and have no history of predictions other than those related to Venezuela/Maduro. Market participants are interpreting this situation as suspicions of insider trading.
*This is not investment advice.