This top Polymarket wallet just did the unthinkable

On August 10, we wrote about a wallet that had pushed $59 million through Polymarket in two months, kept a 3.4% margin, cut a loser inside 40 minutes, and took every dollar out the day it landed. The verdict then was that it behaved like a desk and not like a gambler.

It had turned up here five days before that too, putting its entire balance on a single Dota series. Since then, Djdjdjekekek has traded another $108 million and lost everything.

10 days later, the account was $831,589 down for the year. Over the next seven days, it made $7,302,336, and at midnight on Wednesday, its trading profit was $6,470,746. Our own audit of the Dota 2 championship in Shanghai had already found this wallet to be the largest in the tournament by turnover, at $21.8 million, and its best single result of the year is the $2,882,990 it took out of one semi-final.

But suddenly, he chooses to bet on baseball.

On Thursday night, he bought 4,408,616 shares of the Los Angeles Dodgers to beat the Atlanta Braves at an average of 48 cents, and was selling them back at 13 before morning. On Friday, he then bought 2,660,392 shares of the Arizona Diamondbacks at 52 cents, 300,000 of them in a single click for $171,696, and sold them at 14. Neither team won.

Thursday cost him $3,735,448, while Friday cost $3,393,110. In two days, the wallet holder lost $7,128,558. It holds nothing now. Total assets are $15,051.

Did he completely abandon his trading strategy? Did he do it on purpose, considering the sudden attention he got due to his performance, and the other side of these trades sits in a wallet nobody has connected to this one? Or is this simply what every winning streak looks like from the inside, right up to the point it stops?