《Time》 Person of the Year about to be announced, Whale Manipulation on Polymarket Causes Wild Swing in Top Contender

BlockBeats News, December 5th, according to PolyBeats monitoring, the annual Time Person of the Year is usually officially announced on the second Wednesday or Thursday of December. The probability of the "AI" option on Polymarket has steadily climbed to a peak of 54%, while the runner-up, Huang Renxun, has fallen to 17%. However, starting from yesterday, these two frontrunners have begun to undergo a dramatic reversal, with the AI probability dropping to 38%, while Huang Renxun rapidly surged to 32%. As we are on the verge of the announcement, such drastic fluctuations have inevitably led to suspicions of insider trading.

The catalyst for this reversal was a trader named goingsocial's abnormal behavior. The trader suddenly market-sold 25% of his AI "Yes" position, which he had been continuously accumulating for the past three days. This abnormal move led the market to believe that AI would not win and redirected funds towards Huang Renxun, who truly embodies the AI trend, causing his probability to skyrocket. It is worth noting that the trader's position in this market, worth over $70,000, far exceeds his previous average position size of $1,600. What's even more intriguing is that after reducing his AI position, goingsocial started buying into underdog options, causing their probabilities to surge by almost 100% in a short period, and he is currently continuing to increase his position.