An address bets $50,700 on Axiom insider trading, closes position for a $39,000 profit

Odaily According to Lookonchain monitoring, an anonymous trader used a new wallet to place a $50,700 bet, wagering that Axiom would be charged with insider trading, with odds as low as 15.1%. This sparked speculation that they might possess insider information. Subsequently, numerous traders followed suit with their bets, pushing Axiom's odds even higher than those of Meteora. After closing the position, the trader made a profit of $39,000 within a single day.