on-chain allegations of insider trading have emerged on Polymarket related to the Maduro affair in Venezuela, with one account placing a bet of approximately $32,000 before the event and subsequently winning around $400,000, accompanied by matching transaction traces to several wallets/ ENS and activity conducted through Coinbase .
Several other Shard of on-chain data are also impacting cryptocurrency market sentiment: MARA transferred 288 BTC to Wintermute; a whale exchanged 22,344 ETH for 774.1 WBTC; stablecoin transfer volume on Ethereum reached a quarterly record; and a series of Token are preparing for a large-scale unlock next week.
- Suspected Polymarket insider trading: bet $32,000, won approximately $400,000; money flow linked to Coinbase and ENS.
- Large wallet movements: MARA transferred 288 BTC; whales exchanged 22,344 ETH for 774.1 WBTC; opened 3x Short on ETH .
- Next week's unlocks include: HYPE ~313 million USD; ENA ~42 million USD; APT ~21.6 million USD; LINEA, MOVE.
Suspicions of insider trading at Polymarket and traces of wallets linked to WLFI.
on-chain analysis shows that one Polymarket account allegedly bet around $32,000 a few hours before the Maduro event and then won around $400,000.
This account was Capital by two wallets that only interact with Coinbase. The flow of funds from one address, ENS SOL and SOL, deposited 252.91 SOL into Coinbase, with the timing described as highly consistent with when the account received the funds.
Another related wallet contained $11 million in transactions to the address SOL, suspected to belong to Steven Charles Witkoff, co-founder of World Liberty Finance. The Polymarket account withdrew approximately $440,000 in winnings to Coinbase 18 hours earlier; over the next 14 hours, $170,000 worth of Fartcoin was transferred from Coinbase to the SOL wallet, fueling speculation that insider profits were used to purchase Fartcoin.
Other major cash flow and events: BTC/ ETH, stablecoins, Token Lockup unlocking, listings.
MARA transferred 288 BTC to Wintermute (approximately $26.3 million at the time of transfer). At the same time, a whale completed the exchange of 22,344 ETH ($70.06 million) for 774.1 WBTC, with an Medium WBTC Capital of $90,505.
A trader at pension- USDT just deposited USDC to open a new Short ETH position with 3x leverage; the total Short ETH position reached 453 ETH (~$1.425 million). Additionally, the 1st Day Deposit Whale address increased its total Longing by $32.62 million, with unrealized profits exceeding $3.4 million, holding 17 positions including BTC, HYPE, FARTCOIN, and other Token .
Token Terminal recorded a total stablecoin transfer volume on Ethereum exceeding $8 trillion for the first time in Q4 2024. Unlock schedule for next week: ENA 171 million Token at 10:00 PM on January 5th (Vietnam time), worth approximately $42 million; HYPE 12.46 million Token at 9:00 AM on January 6th, worth approximately $313 million; MOVE 164 million Token at 9:00 PM on January 9th; LINEA 1.38 billion Token at 8:00 PM on January 10th; APT 11.31 million Token at 11:00 AM on January 11th. Binance Alpha is expected to list Depinsim (ESIM) on January 5th.
