Recent activities in prediction markets related to Venezuelan events have spotlighted several 'insider wallets' that have profited significantly. Analysis of these wallets reveals distinct characteristics that differentiate genuine insider wallets from peripheral ones.
A genuine insider wallet typically avoids direct interactions with centralized exchanges (CEX) like Coinbase, opting instead for small, dispersed bets to maintain anonymity. In contrast, peripheral insider wallets engage in large transactions and interact directly with CEXs, indicating less concern about identity exposure.
In the Venezuelan case, four wallet groups were analyzed. Three groups showed clear CEX interactions, suggesting they are peripheral. However, a fourth group, consisting of four addresses, displayed typical insider behavior: small, similar bet amounts sourced from privacy protocols, with no immediate fund withdrawal, indicating a higher level of anonymity and strategic fund management.
Venezuelan Event Highlights Insider Wallet Patterns in Prediction Markets
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