CandleFocus Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty
2024-11-05
Author: Content Editor
A user on the prediction market Polymarket has sold nearly $4 million in bets related to Donald Trump's victory in the Nov. 5 elections. The user, known as "larpas," had accumulated over $15.3 million in trading volume across 24 different markets. The selling of positions led to a decrease in Trump's odds on the platform, but they have since recovered. The selling began shortly after a trader advised users to exit election-related polls, citing the close 2000 US presidential election as a cautionary tale. While Trump's odds have fallen in some venues, he still maintains a lead in the majority of predictions.
Related News
US Election Day Boosts Bitcoin to $70,000: Further Rally Ahead? How Bitcoin Traders Are Playing the US Election Bitcoin Is Winning on Election Day—These Altcoins Are Doing Even Better ‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest Bitwise CIO Talks About The Impact Of The US Elections On Cryptocurrencies: “Regardless of the Results, Cryptocurrencies…” Attention Cryptocurrency Users: Virus-Proof OS Targeted, Cryptocurrencies Can Be Stolen in 10 Seconds – Here Are the Precautions to Take Live Updates: Crypto and the 2024 U.S. Election Two Reasons Why Ethereum May Not Be Ready to Reclaim $2,600 Aethir Partners with XR One to Boost Web3 Gaming Experiences and Compute Power Term Finance eyes fixed-rate lending market Memes will increase their share of crypto market size in the coming years Traders could push Bitcoin to $80,000 in US election frenzy The US Senate races the crypto industry will be watching tonight AAVE Whales Trigger Selloffs, Altcoin Targets Multi-Month Low Privacy startup Nym Technologies to buyback $1 million NYM tokens ahead of VPN launch Bitcoin Pioneer Praises Milei's Vision in Argentina Solana rally follows Bitcoin price as SOL data points to traders’ $200 target XRP Price To Hit $1.10 Before Massive Breakout, Here's The Next Key Levels Cardano Foundation Pushes Cardano Adoption as a Public Infrastructure Worldwide Dogecoin Price Rally Gains Momentum, Will DOGE Smash Through $0.18? US presidential race bets near $4B on election day Bitcoiners who value sovereignty should also defend reproductive rights SynFutures launches Perp Launchpad with $1m grant for new tokens What Will Happen If Donald Trump Wins, What Will Happen If Kamala Harris Wins? Here are Predictions and Possible Impacts Solana Price in Crisis: Whale Sell-Off Signals Possible Market Shift Bitcoin’s Path to $100,000: Predictions, Election Impact, and Halving Effects XRP Price To Exceed $6, Analyst Claims: When and How? Will The US Elections Propel Bitcoin Past $74,000? Key Metrics To Track This Week Shiba Inu (SHIB) Price Gains Momentum: Indicators Point to Potential Rally Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless Bitcoin’s parabolic rally: Why $170,000 could be the next target The Bitcoin Mailing List and its history is erased from Linux Bitcoin Holds Key Support at $64K as Realized Price Chart Signals Stability Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After? Bitcoin Price Swings as ROSE Coin Prepares to Rise PONKE’s 32% Crash in 24 Hours—Why It’s Not a Bearish Sign Bitcoin Gained 11.60% in Last Month and is Predicted to Reach $ 79,700 By Nov 10, 2024 Crypto Spot ETFs: A New Era of Digital-Asset Investment Market Trends Highlight DOGE, GOAT, and SUI Coins Crypto in the Voting Booth? Analyst Predicts Bitcoin's Role in Elections Popular Economist Makes Bold Prediction for Bitcoin! "BTC Won't Fall Below This Level!" What to expect on crypto policies depending on US election outcomes Avalanche Price Mirrors 2021 Rally; Analyst Aims $347 AVAX Hamster Kombat’s $HMSTR Token Plummet: User Base and Token Value Hit Hard Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets Avalanche Moves Above $22 As It Retests The Low Of The Chart Crypto Whale Loses $1.44 Million in SOL Investments Amid Market Downturn $200 Million in Ether Moved to Derivative Exchanges, Beware of Volatility Bitcoin’s election market moment has arrived Coinbase stares down its destiny as election day hits COPA says Craig Wright used ChatGPT to write court submissions ETH/BTC hits lowest point in over 3 years, sliding to 0.03508 Dogecoin eyes 30% gain as market 'prices in' potential Trump victory Will the Terra Classic Price Crash As The Shuttle Bridge Shuts? DOGE or SHIB? We asked ChatGPT-4o which is a better buy for 2025 Polymarket payouts to be delayed unless Fox, NBC agree on US election winner Here's How 2024 U.S Crypto Policy Can Impact Global Adoption Bitcoin set for post-election breakout, but flipping $70K to support is the first hurdle Kalshi first, Polymarket fourth in financial category of Apple App Store on Election Day MOG Jumps 13% as Long-Term Holders Refuse to Sell Reduced daily bitcoin inflows on US Election Day may point to lower sell pressure: CryptoQuant Bitcoin Forms Double Top Similar to 2021: Here are Key Levels to Watch Should a Drop Occur Toncoin Price Risks $4 Breakdown as Network Growth Stalls SEC’s Crypto Mom emerges as favorite to replace Gensler under Trump TRON Price Is Ready To Soar 150%, But Here's The Caveat Bitcoin Hits $70,000, While Bears Face 860% Liquidation Imbalance SHIB Price Prediction for November 5 Top Daos.fun 'memefunds' see market caps tank with 'ai16z' dropping 80% in the past seven days TRON Price Is Ready To Soar 150%, But Here The Caveat 999,999,999 DOGE in One Hour: Here's What Happened Why These Altcoins Are Trending Today — November 5 Mysterious $800 Million XRP Withdrawal Stuns Top South Korean Exchange CHART: Prediction markets favor Trump over Harris on final day of US elections ? Bitcoin Breaks Above $70K as Crypto and U.S. Stocks Move Higher Early on Election Day VanEck Launches Pyth ETN for Pyth Network, a Solana Oracle Investor Anthony Pompliano Calls Bitcoin ‘Gold With Wings,’ Says BTC the Savings Account of the New Generation Crypto Policy Showdown: Deaton vs. Warren in Massachusetts Senate Race Michael Saylor Issues 'Bitcoin Capitol' Tweet as BTC Seeks to Regain $70,000 DIA Data’s Next-Level Oracles: Transforming Trust and Coverage in DeFi Crypto Market and US Elections: Lessons from Past Cycles Bitcoin price jumps 3.7% in an hour as US election fever begins $25 Billion for DOGE: New Market Cap Milestone Just Hit MicroStrategy's Ambitious $42B Bitcoin Acquisition Plan Is Not Without Risks, CoinShares Says Memecoin Creators Hop on U.S. Election Mania With Thousands of New Tokens ? Huawei Supports Decentralized Computing Network on Cardano: Major Leap for Blockchain and AI exSat Network Launches exSat Bridge for Bitcoin Staking Cardano (ADA) Prints Mega Transaction Record in October: Report Analyst Speculates Solana Will Retest $180 if This Major Support Holds The US 2024 Elections are Shaping Up to be Crucial for Crypto's Future Bitcoin Surpasses $70,000 with Market Rally Bitcoin Price Forecast: BTC recovers as Donald Trump takes lead on polls Santiment Sees Bullish Indicator as Non-Empty BTC Wallets Decline by Over 211K Crypto.com Teams Up with Ingenico to Bring Crypto Payments to 680 Million Consumers Whales are selling Aave (AAVE) despite GHO supply growth Here’s What’s Holding Back the Cardano (ADA) Price Recovery VeChain News: ESPR Law Mandates Detailed Sustainability Reporting for EU Products — VET at the Forefront Ripple Price Analysis: Will XRP Maintain $0.5 After 3.5% Weekly Drop? Pi Network price IoU may soon experience a bounce back GSR Markets Deposits $2.83M in ENA Tokens to Binance Amid Major Crypto Transfers Moonwell price dives, but crypto pros expect WELL to rebound DWF Labs Transfers $3.43 Million in ORBS Tokens to New Wallet Address If Trump wins and fulfils his promises, Ross Ulbricht will be free and Gary Gensler out of a job DOGE Price Prediction for November 5 Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030 Cardano Spotlights Stunning Growth Milestones as Chang 2 Upgrade Nears XRP Struggles to Hold $0.51 Support, Sparking Concern Among Long-Term Investors Shiba Inu (SHIB) Jumps 40% in Volume as Bulls Eye Golden Cross Breakout Bitcoin’s fair value: BTC may never fall below $60K, says economist Whale Activity Boosts Dogecoin (DOGE) by 957% in Key Bull Metric 13 Million XRP Burn Achievement Next Bitcoin could see 3.5% election night price movement, analysts say Dogecoin Denies Predicted Correction, Printing 4 Big Green Candles Will Dogecoin Price Hit $2 and $300B If Trump Wins U.S. Election? MANTRA Blockchain and Libre Capital Tokenization Platform Set to Drive Further Adoption of Tokenized Real-World Assets WazirX Announces Rebalancing Calculator Amid Restructuring Efforts Ethereum’s EigenLayer Introduces New Restaking Options and Large Payouts from P2P.org Shibarium Back to Peak Level as SHIB Price Rebounds Bitcoin recovers after Mt. Gox-related panic selling on Monday — What’s next? U-turn on cryptocurrency taxation in Italy Binance bets on Thailand as region signals supportive crypto approach Will Shiba Inu (SHIB) Break 6 Trillion Record? How to monitor what 'smart money' is doing in crypto on US Election Day Ripple and Archax Collaborate to Launch $100M+ in Tokenized Assets on XRPL Dogecoin Rockets as DOGE Price Secures Golden Cross THORChain (RUNE) False Breakout Sparks 9% Price Decline Bybit Ramps Up Crypto Compliance with VASP Registration in Georgia Standard Chartered and Ant International complete SGD settlement on blockchain: report The promises of Bitcoin-backed loans for institutional portfolios | Opinion 1,600 BTC Transferred to Mysterious Whale Wallet, What's Going On? USDT, USDC exchange inflows surge, hinting potential buying zone Chainlink Powers Pilot with SBI and UBS for Tokenized Fund Operations Across Chains What Trump's New Crypto Project Plans with a Dollar-Backed Stablecoin $HTX’s Major Upgrades: Unmasking Combined Strategies for Investment Value and Long-Term Gains Free Crypto Airdrops That Pay Instantly for November BNB Price Prediction as Binance Coin Forms C&H Pattern 44,000 Bitcoins Sold by U.S. in 2014 Would Now Be Worth $3 Billion: Historic Flashback Shiba Inu’s big bet: $2.35 billion Blockchain Hub sends SHIB price higher io.net, YOM Introduce DePIN for Web3 Gaming IoTeX connects with the MetaMask wallet: new opportunities for the DePin world XRP or Stellar (XLM)? We asked ChatGPT-4o which crypto is a better buy for 2025 Bitfinex Analysts Announced Their Bitcoin and Altcoin Expectations, Warned! "Altcoins Other Than These May Experience Further Declines!" Blockchain firm R3 looking for a buyer: report Daily Market Review: BTC, ETH, MOG, DOGE, SHIB Trump win confirmed? Jim Cramer says markets predict Harris win Binance donates $3 million to help flood relief efforts in Valencia, Spain Animoca Brands Research claims Polymarket users likely to stick around after US election Toncoin (TON) Price Faces Increased Selling Momentum Bitcoin Pre-election Dip Reflects Past Patterns: Will the Historic Post-election Rally Follow? US Election Day Showdown: These PolitiFi Coins Face Make-or-Break Moment Crypto Donations Hit New Milestone Outpacing Oil and Pharma Giants Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research Market Veteran Says He Didn’t Cause Cardano to Fall ZachXBT Clarifies NFT: Not Intended Speculations on Investigations Why Dogecoin Price is Strategically Positioned For US Election? Will Tron Hold at $0.1597, or Will a Rising Wedge Trigger a Drop to $0.1463? SHIB and DOGE Defy Overall Sentiment, BTC Recovers From Sub-$67K Dip (Market Watch) Aave whales on a selloff spree: can the altcoin survive the dump? Dogecoin, Shiba Inu and Even Cardano Can Rally in 2025, Here's Why Top Free NFT Giveaways and Airdrops for November 2024 Crypto scammers target Indians using fake BBC report Celestia (TIA) Nears $3.72 Year-to-Date Low Amid Growing Sell Pressure Will Microsoft Invest in Bitcoin? The American Giant Institution Announced What Will Happen If It Does Not Make an Investment Decision! Cost of Producing 1 Bitcoin Soars to $49,500: What it Means for Miners Kyoto’s Ryuganji Temple launches 1,500 free goshuin NFTs Bitcoin's 'Shooting Star' Pattern Raises Red Flag, Peter Brandt Backs It Expert Says This Could Be Ethereum Last Dip Before Explosion to $10,000, Citing S&P 500 Correlation Top Layer-2 Projects Surge in Social Activity, Led by Polygon and Starknet Is Cardano Poised for a Double-Bottom Reversal to $0.41? Bitcoin Staking Surges: Over 15% of Wrapped BTC Now Locked in Yield Options Zanzibar launches blockchain sandbox for startups Analyst Explains How Shiba Inu Can Surge 10x VeChain News: Q2 and Q3 2024 Financial Report Highlights VeBetter DAO and Treasury Health Institutions Pour Millions Into Solana as US Election Voting Begins Crypto Billionaire Mike Novogratz Unveils Bitcoin Post-Election Prediction, Says BTC Can Go ‘A Lot Higher Fast’ Curve DAO Seeks to Allocate crvUSD Fees Meme coins surge amid market correction ahead of US election Aave’s Path to $290: Key On-Chain Metrics to Monitor Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer Shiba Inu Lead Announces New Proposal Directed at Forthcoming US President Meet the pro-crypto contenders who could replace SEC chief Gary Gensler Binance Futures Adds POPCATUSDT, MEWUSDT Perpetual Contracts Solana (SOL) Hints at Bearish Shift: Is Drop on The Horizon? Is it Time for Ethereum Price to Bounce Again? XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand Here’s why Bitcoin, Solana, Popcat, and Mantra prices are diving Latam Insights Encore: Brazil's Stablecoin Remittance Tax Is Doomed From the Start XRP’s History of Explosive Growth: Will a Risk-On Shift Spark the Next Surge? OpenAI in talks with regulators to become a for-profit company: Report Over $2.6 Billion worth of locked tokens set for release in November Will U.S Elections Day Spark Sui Price Breakout to $8? Ethereum Devcon Attendee Robbed at Knifepoint in Thailand Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections Bitcoin price needs 2 months to return 'above macro trend' — Forecast XRP Price Prediction for US Election Polling Day Nov 5 What’s New in DePin? Peaq’s Token Launch Date, GAIB and io.net Outreach, Roam Telecom Layer Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show Skeptical Traders Keep SUI Price From Reclaiming $2 Support Binance, CZ’s Lawyers File Motion to Dismiss Amended Complaint in SEC Lawsuit $3M Bitcoin Forecast: Vaneck's Model Sees Central Bank BTC Adoption 5 High-Yield Phygital NFT Categories Redefining Physical Asset Ownership in 2024 ‘Calm before the storm’ — Bitcoin volatility stalls ahead of US election Tron Network Triumph: October Transaction Volume Surges by 8.15% Marathon, Riot record highest monthly BTC production since April halving Gemini Exchange Rolls Out Global Crypto Ads Ahead of US Election Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next? These 2 Exchanges Lead in Bitcoin Reserve Growth Since FTX’s 2022 Collapse Bitcoin Holds Strong Above Resistance: Is a New All-Time High Within Reach? XRP Price Gears Up: Is a Major Move on the Horizon? Litecoin’s Defining Moment: What On-Chain Data Says About LTC’s Path Ahead Tron Network Triumph: October Transaction Volume Surges by 8.15% Donald Trump Leads Kamala Harris on Polymarket & Kalshi GCR Suggests He Gamed Donald Trump Polymarket Odds, Whale Dumps $3 Million in Bets XRP 7-Year Chart Reveals Unbroken Support, Bearish or Bullish Signal? Ethereum Price Grinds Lower: Will Support Kick In Soon? BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets Bitcoin ETFs Surpass 1 Million BTC Holdings In Less Than A Year Since Launch – Details Inside Bitcoin Price Decline Worsens: Could It Be Setting Up for Major Reversal? Bitcoin and Ethereum Decline as Altcoin Volatility Grows Citi and Fidelity Test Digital Currency Trading for Money Market Funds at Singapore Fintech Festival Semler Scientific ‘laser-focused’ on buying Bitcoin, says CEO Mt. Gox moves $2.2 billion worth of bitcoin to unmarked wallets: Arkham Coinbase Secures Major Win In FOIA Case Against US FDIC Marathon, Riot record highest monthly BTC production since April halving Where Prediction Markets Draw the Line on a Trump or Harris Election Win 5 Altcoins That Could Skyrocket If Trump Wins the Election Microsoft risks shareholder lawsuit if it ignores Bitcoin and prices rise — NCPPR How Donald Trump shook the crypto market heading into the 2024 US presidential election Curve Finance, TON drive DeFi evolution with partnerships These crypto ETFs are 'call options' on the US elections US markets, Bitcoin poised for rally regardless of elections outcome Laika AI and Orbofi Collaborate to Offer Cutting-Edge AI Tools for Web3 Users Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target Analyst Issues Altcoin Warning, Says Black Swan Event Could Trigger ‘Very Last Shakeout’ Manta Network Collaborates with Aethir to Provide Effective GPU Access for Apps Binance Listing Drives Solana Meme Coin PONKE Up 12%, but Gains Fade Quickly Japan's SBI Expands Singapore's Tokenization Project with New Pilots Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood partner to introduce Global Dollar Network Toncoin (TON) Endures 10% Loss but May Avoid Deeper Trouble Kaia Integrates with Dune for Blockchain Data Transparency and Growth MANTRA partners with Libre Capital to facilitate tokenized money market funds Here's When XRP Downtrend Can End, Tron (TRX) Shows 36% Rally Everyone Is Missing, Solana (SOL) Price Drops by 11%, But Bullish Signal Is Here Crypto's Defining Moments in the Lead Up to the US Election TON Blockchain Update: Two Critical Fixes Fuel Toncoin’s $20 Ambition Solana’s Monthly Active Addresses Skyrocket to 138 Million as SOL Ecosystem Grows Bitcoin Open Interest Dropped Significantly – Investors Cautions Amid US Election Week? New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies Market Trends Lift Aptos (APT) Price Up, Yet Decline Might Follow Cardano community defends Charles Hoskinson amid online criticism Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty PONKE Price Skyrockets 19% On Binance Support, What's Next?