Bubblemaps Pushes Back on Viral WLFI Insider Claims

Bubblemaps pushed again after analysts claimed a “99% match” linking a Maduro wager winner to politically related wallets.

One dealer revamped $400,000 on Polymarket by precisely predicting when Maduro can be captured. Viral on-chain posts linked the dealer to WLFI.

Nonetheless, Bubblemaps claims that trade timing and pockets matches show nothing.

Polymarket Maduro Wager Controversy

Blockchain analytics agency, Bubblemaps, responded on social media after on-chain analyst Andrew 10 GWEI raised questions concerning the Polymarket dealer who earned roughly $400,000 by accurately betting on the capture of Venezuelan chief Nicolás Maduro.

Andrew’s evaluation indicated that the dealer could possibly be linked to Steven Charles Witkoff, who occurs to be the co-founder of World Liberty Monetary (WLFI), based mostly on funding patterns traced by Coinbase and a set of wallets with ENS and SNS names that resembled “Steven Charles.”

In keeping with Andrew, two largely inactive wallets funded the Polymarket account shortly earlier than the bets had been positioned, and every acquired funds from Coinbase and despatched them on to the platform. One pockets acquired about 252 SOL from Coinbase, whereas an identical quantity of SOL had been deposited into Coinbase roughly a day earlier from one other tackle.

He described this as a “99% match” and stated that the timing, naming conventions, and transaction movement raised the opportunity of insider entry.

Bubblemaps Debunks Hyperlink

Bubblemaps, nonetheless, rejected that conclusion and stated that the logic behind the alleged connection was flawed and being amplified past what the info might help. The agency stated labeling a single tackle sample as a “99% correct” match was deceptive, whereas noting that hundreds of wallets might show comparable conduct when filtered by comparable quantities and broad timing home windows.

It additionally dismissed the importance of a one-day hole between deposits and withdrawals at a centralized trade, arguing that such delays are frequent and don’t point out coordination or shared possession.

Bubblemaps additional identified that the evaluation centered solely on SOL inflows, regardless that trade deposits might be made in different belongings akin to USDC or ETH. When these belongings and equal greenback values are included, the agency stated a number of extra matches emerge throughout the similar one-day timeframe.

Bubblemaps defined that trade funding can come from financial institution transfers, bundled transactions, or funds deposited lengthy earlier than the noticed exercise, none of which had been excluded within the claims circulating on-line.

“Timing evaluation is highly effective, however when used poorly it could possibly result in virtually any conclusion. Drama is extra tempting than fact. Be careful.”