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I just saw something very suspicious on the chain. A trader named 'predictorxyz' invested $658k in an Axiom prediction market when the odds were at 13.8%, and made a net profit of $4.1 million. Basically, they guessed there would be insider trading accusations at Axiom just before it happened.
The strange part is that ZachXBT investigated and found that this account was created out of nowhere, with a $70k deposit in USDC. When tracing the Solana address, it turned out that the active user on Axiom named 'JustADegen' on Fomo is the same person. And recently, they grouped CRABS tokens from the same address.
I don't know, everything smells like insider information. Has anyone else seen this? How did someone get that right just before the Axiom scandal? 🤔