Walletmobile Takes a Bold $9.95M USDC Wager on Trump Winning the US Election
An investor known as “walletmobile” has made headlines in the crypto space after betting a whopping $9.95 million worth of USDC on President Trump’s victory in the 2024 U.S. presidential election. Lookonchain, a blockchain analysis company, recorded this substantial bet, which has attracted significant attention due to its high risk.
The details of the bet, revealed by Lookonchain, show that “Walletmobile” sent $9.95 million in USDC stablecoin to support their prediction of the election outcome. The funds were split into multiple transactions, with a majority being directed towards Polymarket, a popular decentralized prediction market dApp. According to polymarket data, Walletmobile has engaged in trades worth $16 million and currently holds a position valued at over $10 million, predicting Trump’s victory.
Lookonchain also highlighted the investor’s appetite for risk and speculated whether they would rebalance their position prior to Election Day. Walletmobile has taken an extremely daring stance on Polymarket, investing millions in Trump’s side, with each share priced at $0.62. This move reflects the volatility of election-based prediction markets and underscores the willingness of cryptocurrency traders to take substantial risks on real-world events. This bet serves as a testament to the speculative nature of cryptocurrency economies, where people have no reservations about placing significant wagers on political outcomes.
As the U.S. election draws near, this wager adds to the suspense surrounding the event, heightening both loyalty towards it and the potential financial gains or losses depending on the outcome of this massive bet.