P2P Team Responds to Polymarket Large Bet from Same-named Account: Ownership of Account Not Confirmed, but Insider Trading Denied

BlockBeats News, March 27th, the P2P Protocol team responded to the FUD caused by a large-scale prediction by the account named "P2PTeam" on Polymarket: neither confirm nor deny whether the account belongs to the team or an affiliated party. The account made a large purchase using $20,000 USDC just 10 days after the ICO announcement, buying a significant amount of "Yes" shares whose public offering commitment will exceed $6 million, $8 million, $10 million, etc. However, most of the team's VC commitments were finalized only 4-5 days ago, and the VCs have publicly announced their participation, ensuring transparency of information.

The P2P Protocol team pointed out that using $20,000 to predict in a high-volume market, the potential return is only about $30,000, which is not market manipulation or insider trading but a manifestation of early "belief" and entertainment. The account name "P2P Team" may have been deliberately chosen to play with users' short-term thinking.

However, some community users have pointed out that the identically named Polymarket account's funds originate from the foundation wallet, a fact that the official team has neither denied nor confirmed.

MetaDAO launched P2Pdotme's ICO on March 26th, with a minimum fundraising target of $6 million. Currently, it has raised $5.3 million and will close on March 30th. According to PolyBeats monitoring, the probability that the total public offering commitment of P2P Protocol in the prediction market Polymarket will exceed $6 million has reached 100%, and the probability of exceeding $8 million is currently at 97%.