Polycule founder Krish has launched a new prediction platform, PMX, in partnership with Meteora. The platform introduces a unique token system where each prediction market is represented by 'YES' and 'NO' tokens. These tokens are minted and added to liquidity pools, with their prices rebalanced by arbitrage wallets to total $1. Upon event conclusion, the losing token is burned, and holders of the winning token receive airdrop rewards. Following the announcement, the PCULE token, now rebranded as PMX, surged by 43.97% within 24 hours, reaching a market cap of $22.8 million. Earlier this year, Polycule secured a $560,000 investment from Alliance DAO, announced on June 8, 2025.