Polymarket CEO says chasing 100x tokens is an irrational greater-fool game

Shayne Coplan, CEO of prediction market platform Polymarket, said crypto trading is turning into a race to identify tokens that could rise 100-fold first, describing it as a game of irrational excess. Speaking at Token2049 in Singapore on Oct. 7, local time, Coplan said traders think they are buying something even when they know it has no value, hoping it will surge 100x while planning to sell before it falls to zero. Coplan added that Polymarket’s prediction market does not offer that kind of exponential upside, with informed traders instead betting on future events with more predictable probabilities.