🤯 Polymarket's Dark Secret: 99.96% Get REKT!
70% of traders on Polymarket lost money, with a staggering $3.7 billion concentrated in the hands of just 0.04% of accounts. 💸
On-chain data reveals a brutal truth: prediction markets aren’t a path to easy gains for most. While the 2024 US election cycle fueled a surge in activity, the profits overwhelmingly flowed to sophisticated quantitative traders and large wallets. Over 24.5% of traders earned less than $1,000 – a mere fraction of the total profits.
To even break the $1,000 barrier, you needed to be in the top 4.9% of traders. This confirms what we already know about $BTC and the wider crypto space: smart money dominates. Don't fall for the hype and chase news – develop a strategy or risk becoming another statistic. 📉
#Polymarket #DeFi #SmartMoney #CryptoTrading 🚀
