According to Lookonchain monitoring, an anonymous trader used a new wallet to bet $50,700, wagering that Axiom would be charged with insider trading, with odds of only 15.1%. This sparked speculation about their potential possession of insider information.
Subsequently, many traders followed suit, causing Axiom's odds to even surpass those of Meteora. After closing the position, the trader made a profit of $39,000 within a day.
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