Intense Trading Activity for Trump’s 2024 Presidential Bid
The leading traders on Polymarket who are backing Donald Trump for the upcoming 2024 US Presidential Election have engaged in over 1,600 transactions within the last 24 hours. Together, these trades have surpassed $4 million in total volume.
Key Traders in the Market
Two prominent investors leading the charge are:
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Fredi9999
– Wallet Address: 0x1f2d
– Joined: June
– Current Position: $13,077,341.48
– Total Trades: $67,668,524.47 across 45 markets
– Shares Held: 15,657,595 in Trump victory market
– Average Cost per Share: $0.52 (Current Value: $0.59)
– Profit: $1,324,409.58 -
PrincessCaro
– Wallet Address: 0x8119
– Joined: September
– Current Position: $6,165,728.20
– Total Trades: $21,850,960.05 across 14 markets
– Shares Held: 6,091,006 at an average cost of $0.53 (Current Value: $0.59)
– Profit: $661,798.04
Trading Patterns and Market Trends
Analysis of these traders’ wallets reveals distinct patterns within the Polymarket trading environment, primarily utilizing USD Coin (USDC).
For instance, “PrincessCaro” actively participates with numerous small transactions ranging from $0.30 to $187, indicating a strategy centered around frequent trading rather than large single trades. Conversely, “Fredi9999” often engages in more substantial trades, including a notable transaction of $4,302.82.
Impact on Market Dynamics
The cumulative activity from these two accounts hints at a significant shift in momentum, as they have collectively amassed over 1,600 trades supporting Trump or Republican-aligned options. Many trades occur in quick succession, which may suggest a strategic approach leveraging order matching to optimize trade execution.
Recently, Trump’s odds of securing the presidency have risen by 9%, likely fueled by the substantial increase in trading activity from these key accounts, while support for other candidates, like Kamala Harris, remains comparatively low.
