Bubblemaps Exposes Coordinated Wallet Activity on Polymarket Pocketing $2.4M

 

By Onkar Singh // May 20, 2026 @ 01:40 PM Make AlphaWire Logo preferred on Google News
Bubblemaps Exposes Coordinated Wallet Activity Behind $2.4M Polymarket Wins

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Points of Focus

  • Bubblemaps identified at least nine interconnected Polymarket accounts using a “hub-and-spoke” funding structure.
  • The wallet cluster generated around $2.47 million in profits with an unusually high win rate from fewer than 100 predictions.
  • The consistency of successful bets on sensitive geopolitical events has raised concerns about possible access to non-public information.

 

A blockchain analytics firm has identified a cluster of interconnected cryptocurrency wallets that collectively accumulated more than $2.4 million in profits on the prediction market platform Polymarket, raising questions about whether a single actor with advanced knowledge of US military operations was trading behind multiple accounts.

Bubblemaps, which maps onchain token flows to identify coordinated wallet behavior, published findings showing at least nine accounts linked through a shared transaction infrastructure, all of which placed winning bets on markets tied to US military activity. The cluster achieved a win rate that analysts described as statistically extraordinary.

 

 

Linked Polymarket accounts used hub-and-spoke wallet structure

The wallets identified in the Bubblemaps analysis were registered under the usernames “65154861,” “whopperlover,” “fuego66,” “gaba4,” “flowjj,” “trevors4,” “alealeg,” “propescia,” and “Merlin11111.” According to the transaction flow diagram published by the firm, funds from these accounts were routed through relay addresses and consolidated via a central Binance deposit point before being redistributed to a separate set of downstream wallets.

The onchain architecture is consistent with what investigators typically describe as a “hub-and-spoke” model, in which a single controller manages multiple wallets by funneling capital through an exchange and then redistributing it to new addresses. The use of relay addresses at each step adds a layer of separation intended to obscure the common origin of the funds.

The accounts collectively joined Polymarket in February and March 2026, a detail that Bubblemaps highlighted as notable, given the timing and the subsequent concentration of winning predictions.

 

$2.47 million generated from fewer than 100 trades

The financial profile across the accounts is striking. The account identified as “65154861” posted the largest individual gain, recording all-time profits of approximately $502,411, with the biggest single win of $280,500 across 15 predictions. “Whopperlover” registered profits of $427,111 and a top win of $302,500 from 14 predictions. “Gaba4” added $382,590 from 24 predictions, while “fuego66” generated $338,734 from 11 bets.

“Flowjj” and “trevors4” contributed $308,258 and $252,502, respectively. The smaller accounts in the cluster, “alealeg,” “propescia,” and “Merlin11111,” posted gains of $67,038, $78,981, and $116,548, respectively.

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The combined total across the identified accounts reaches approximately $2.47 million. The number of predictions per account is low, which analysts note is itself a signal. Running up large returns from a small number of trades implies either exceptional skill, exceptional luck, or access to information that the broader market does not have.

 

The question of information

Polymarket allows users to bet on the probability of real-world events, with prices determined by the collective views of all participants. When one group consistently wins against the aggregate judgment of thousands of other traders on a narrow category of events, it creates an obvious inference: That group knew something others did not.

The markets in question related to US military action, a category where non-public information could plausibly exist among a narrow universe of individuals with access to government or defense channels. Polymarket does not verify the identities of its users beyond wallet addresses, and the platform’s terms of service prohibit trading on material nonpublic information, though enforcement is limited by the pseudonymous nature of blockchain activity.

Bubblemaps did not identify the individual or individuals behind the wallets. The firm’s analysis establishes the onchain connections but stops short of naming a human actor. The wallet labelled “0x607f” is linked to the “whopperlover” account, while “0x09d3” connects to “fuego66,” and “0x5145” to the “65154861” account, according to the diagram.

 

Coordination without proof

The challenge for any investigation is that onchain coordination does not by itself prove wrongdoing. Traders legally share capital across wallets for a range of reasons, including tax management, security, and position sizing. The use of relay addresses and exchange routing is common practice.

What makes this cluster unusual is the specificity of the markets they targeted and the consistency of the outcomes. Across a combined total of fewer than 100 predictions, the group generated returns that would place each member among the most profitable accounts on the platform.

Polymarket has previously faced scrutiny over large winning trades on politically sensitive markets. The platform became a focal point during the 2024 US election cycle after unusual position sizes on certain outcomes attracted media attention.

 

Platform response

Polymarket had not issued a public statement in response to the Bubblemaps findings at the time of publication. The platform has previously said it reviews accounts for terms of service violations but has not disclosed how it handles suspected coordinated trading.

The case is likely to renew debate about the regulatory status of prediction markets and the adequacy of identity verification on platforms that allow users to trade on sensitive geopolitical events with no requirement to disclose who they are.

 

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Onkar Singh

Onkar is a seasoned digital finance (DeFi) content creator with half a decade of experience in the blockchain and cryptocurrency industry. He has contributed to leading crypto media platforms, and collaborated with numerous DeFi projects worldwide. He blends his passion for technology and storytelling to deliver insightful content that bridges the gap between complex blockchain concepts and mainstream understanding.

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