Polymarket's top two Trump position holders have made more than 1,600 pro-Donald Trump trades in the 2024 US Presidential Election market, totaling more than $4 million in the past 24 hours.
The first holder, “Fredi9999” (wallet address 0x1f2d), entered in June and had positions valued at $13,077,341.48 for a profit of $1,324,409.58. They traded $67,668,524.47 across 45 markets, holding 15,657,595 shares in the Trump victory market at an average cost of 52 cents per share, currently valued at 59 cents, for a profit of $1,067,080.74.
The second holder, “PrincessCaro” (wallet address 0x8119), entered in September with positions valued at $6,165,728.20 and a profit of $661,798.04. They traded $21,850,960.05 across 14 markets, holding 6,091,006 shares at an average cost of 53 cents per share, which is also currently valued at 59 cents, resulting in a profit of $380,371.14.
Analysis of their wallet histories shows significant trading activity on the Polymarket exchange using USD Coin (USDC). “PrincessCaro” showed frequent small transactions ranging from $0.30 to $187, indicating active participation without large individual transactions. In contrast, “Fredi9999” made larger transactions, including a $4,302.82 transaction, along with smaller transactions.
Trump’s chances of winning on the platform have spiked 9% in the past few days, along with a steady increase in high-frequency trading from these two accounts. In contrast, bets on Kamala Harris have been at a much slower pace.
The number of trades made in support of Trump may be affected by a large order book with many smaller orders to meet traders' demands. However, the continuous buying is still notable, suggesting strong buying pressure on the former president.
