Polymarket Prediction Market Underlying Currents: On-Chain Tracking Reveals Wallet Connections Behind Millions in Funds

【Crypto World】Someone made a big move on the prediction market Polymarket.

According to on-chain analysis, an address that profited about $400,000 by predicting “a certain country’s political event” left behind many clues through wallet activity. Here’s what happened: one of the wallets funding that Polymarket account received 252.39 SOL from a major exchange on January 1st. Interestingly, about 23 hours earlier, a wallet named STVLU.SOL deposited 252.91 SOL into the same exchange—two amounts matching with 99% accuracy, which is unlikely to be a coincidence.

Digging further, the STVLU.SOL wallet registered the domain StCharles.SOL, with the name abbreviation pointing to a well-known individual. Tracing its funds, the initial flow came from the Solhundred.sol wallet, which in turn had a large transaction worth $11 million with another wallet associated with the domain StevenCharles.sol. The latter’s background is even more suspicious, suspected to be linked to a co-founder.

Even more astonishing, within 3-4 hours after the insider trader cashed out from Polymarket, a $170,000 Fartcoin transfer was made into the STVLU.SOL wallet. This series of operations—from precise matching of SOL fund inflows and outflows, to the domain name hinting at identities, to the timing of token transfers—makes the entire chain seem almost overly complete.

What does this tell us? First, the information asymmetry problem on prediction platforms like Polymarket is worth being cautious about. Second, on-chain data really can reveal everything—if someone is willing to track it. Although exchanges and wallet addresses in the SOL ecosystem are decentralized, the flow of funds ultimately cannot escape on-chain analysis.