Attributed to "JaneStreetIndia" address, a high-frequency trader on Polymarket's cryptocurrency "15-minute price action," earns nearly $360,000

BlockBeats News, December 30, according to crypto KOL @gemchange_ltd, an address attributed to "JaneStreetIndia" has made nearly $360,000 in profits through high-frequency trading of the "15-Minute Predictions" cryptocurrency asset on Polymarket.

@gemchange_ltd believes that this address is controlled by a bot developed by the well-known quantitative trading firm Jane Street. According to their analysis, this account often engages in early-prediction (before liquidity providers are fully deployed) two-way predictions and only places bets when the total cost is below $1. For example, predicting an increase at 48 cents, a decrease at 46 cents, totaling 94 cents. After the market settles, one side's odds add up to $1. If there is a volatility opportunity, they choose a single direction.

The account has since been renamed to "Account88888." According to statistics, out of 25 days, this address has been profitable for 23 days. The daily profit ranges from $5,000 to $33,000.