Trader makes $39K in one day on Polymarket bet over ZachXBT exposé

An anonymous trader bet $50,700 on the Solana-based trading platform Axiom in a Polymarket contract speculating on which crypto firm will be the subject of an exposé by on-chain analyst ZachXBT, Lookonchain reported. At the time of the wager, the odds for Axiom were only 15.1%. Speculation that the trader possessed inside information prompted others to follow suit. However, the initial trader closed the position within a day, securing a $39,000 profit. ZachXBT announced on Feb. 26 that he would expose insider trading at a specific crypto company. Axiom is now the leading contender in the Polymarket contract, with odds of 28%.