Wallets bet $59.8K on Polymarket hours before ZachXBT named Axiom in insider trading probe

Three hours before on-chain analyst ZachXBT implicated Solana-based trading platform Axiom in an insider trading probe, two new wallets placed a total of $59,800 in bets on the prediction market Polymarket, according to Lookonchain. The wagers were on the likelihood that Axiom would be the project named. The addresses reportedly profited by $109,000 within three hours, raising suspicions of insider trading.