IC0 Smart Money predicts that the commitment subscription amount for RipCars' public sale will not exceed $40 million

According to PolyBeats monitoring, on the prediction market Polymarket, a wise money entered $1000 on the question "Will RipCars' public sale commitment reach over $40 million?" with an average buy-in probability of 78.5%, and the current "yes" probability is 8.5%.

0x22292dec entered $1000, with the top related category being public sale, achieving a net profit of $57,500 in this category. Out of 64 settled transactions in this category, the win rate is 49/64 (77%), with 25 transactions having a buy-in price below $0.8 and a sell-out price above $0.95. Within a similar cost range ($0.701-$0.85), the median of historical investment amounts is $1900.

RipCars is a physical model car unboxing platform inspired by Hot Wheels collector culture, where users can online unbox mystery car packs backed by real inventory, choose to keep hosting, redeem physical model cars, or sell back to the platform. The project launched a four-day CARS public sale via MetaDAO on July 21, with a total supply of 25.8 million tokens, of which 10 million were publicly sold at $0.025 each, 2.9 million were allocated for AMM liquidity, and the initial FDV was $645,000. The team's 12.9 million tokens will unlock in tranches starting 18 months after ICO at 2x to 32x the ICO price.

As per the MetaDAO official page, RipCars' commitment has now escalated to around $23.02 million from 553 addresses, about 92 times the $250,000 target, but still approximately $16.98 million shy of $40 million.

Note: Based on their past transaction profiles, this trader is not necessarily betting on the actual outcome of the event and may engage in profit-taking or stop-loss behavior at a certain point after opening a position.

Account:
0x22292decebf2e9146b27fe59404d162447ea6bf8
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