P2P Team Responds to Polymarket Account Large Bet: Account Ownership Not Disclosed, but Insider Trading Denied

BlockBeats News, March 27, the P2P Protocol team responded to the FUD triggered by a large-scale prediction made by the "P2PTeam" account on Polymarket: neither confirming nor denying whether the account belongs to the team or an affiliate. The account made a large USDC purchase of $20,000 just 10 days after the ICO announcement, buying a significant amount of "Yes" shares in the public sale commitment, which is expected to exceed $6 million, $8 million, $10 million, etc. However, most of the VC commitments were only finalized 4-5 days ago, and the VCs have publicly announced their participation, ensuring transparency of information.

The P2P Protocol team pointed out that a $20,000 investment in a high-volume market prediction, with a potential return of only about $30,000, is not market manipulation or insider trading but rather an early-stage "belief" bet and entertainment. The account being named "P2P Team" may have been intentional, aiming to play with users' short-term thinking.

MetaDAO launched P2Pdotme's ICO on March 26, with a minimum funding target of $6 million. It has currently raised $5.3 million and the deadline is March 30. According to PolyBeats monitoring, the probability of the total public sale commitment for P2P Protocol exceeding $6 million on the prediction market Polymarket has reached 100%, and the probability of exceeding $8 million is currently at 97%.