Analyst: Three wallets suspected of insider trading during Infinex public offering event

Analyst The Poly Nerd posted on platform X that three wallets are suspected of insider trading during the Infinex public fundraising event. Sales initially progressed slowly due to strict KYC requirements and a $2,500 cap per user, which posed significant obstacles. Most people on the Polymarket platform expected sales to fall within the range of $2 million to $3 million.

However, the situation then reversed: the probability of reaching higher targets suddenly soared, with the probability of hitting the $5 million mark jumping from about 20% to around 70%. At the same time, a large number of orders began to flood in for the $3 million, $5 million, and even $10 million targets. All three wallets were newly opened accounts just one day prior, and their betting ratios were relatively similar when wagering on the $5 million target pool, while also lowering margins on higher targets to maximize profits.