A high-stakes bettor known as “GCottrell93” has intensified wagers on former President Donald Trump’s chances of winning the upcoming U.S. presidential election. The election is coming near with every passing day and so is the amount bet on election win. The election is scheduled for 5th of November 2024.
Whale’s Huge Bet Signals Growing Confidence in Trump’s Election Chances
According to data shared by Lookonchain on social media, GCottrell93 recently withdrew another 1 million USDC from the OKX exchange, adding to a total of $8.8 million invested over the past week.
As of Lookonchain’s post, Trump’s probability of victory is now estimated at 67%, a significant 34% lead over Vice President Kamala Harris, who has been speculated as a potential candidate in the 2024 race. This figure marks a notable shift in sentiment among some high-net-worth investors, who see Trump’s chances as increasingly favorable.
Election Result Still a Mystery Despite The Increased Betting
The investment strategy taken by GCottrell93 appears to reflect strong confidence in a Trump victory and demonstrates how crypto whales are actively using stablecoins like USDC to make large-scale political bets.
The competition between Trump and Harris on Polymarket prediction market was very close earlier but now Trump is leading by a great margin. However, this percentage doesn’t guarantee any result and it would be a mystery till the announcement of the original result.
Source: https://blockchainreporter.net/crypto-whale-bets-8-8m-on-trumps-2024-election-win-as-odds-rise-to-67/