ChainCatcher report, according to Lookonchain, trader “predictorxyz” (possibly an insider) wagered $658,000 that Axiom would be accused of insider trading. At the time, the odds were only 13.8%, and they netted a profit of $4.114 million. On-chain detective ZachXBT also found it suspicious that $70,000 in USDC was deposited into a newly created prediction market account, and investigated the funding source of user “predictorxyz.” ZachXBT noted that the associated Solana address is an active user of Axiom, with the username “JustADegen” on Fomo. They recently bundled CRABS tokens—any help identifying them would be greatly appreciated.
Trader 'predictorxyz' earns $4.1M by betting on Axiom insider trading
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Summary
Using on-chain data, ChainCatcher revealed that trader 'predictorxyz' wagered $658,000 on Axiom facing insider trading charges at 13.8% odds, netting $4.114 million. On-chain analysis by ZachXBT showed a $70,000 USDC deposit into a new prediction market account linked to Axiom user 'JustADegen' on Fomo, who recently bundled CRABS tokens.
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