There is growing speculation that the Polymarket platform may launch its own token and possibly hold an airdrop event, although the team has yet to officially announce such plans.
The surge in trading volume, particularly in relation to the US election cycle, has fuelled this speculation. Some traders have already begun to adjust their behavior, with so-called “volume farmers” buying and quickly selling stocks to increase their trading volumes in hopes of getting a bigger share of any rewards from a potential airdrop event.
Polymarket raised $70 million in Series B funding this year, leading some to believe that a token launch could be part of the platform’s future growth strategy. The company operates without transaction fees, further suggesting that the token could serve as a mechanism to generate revenue or offer functionality on the platform.
Several Polymarket users, including prominent traders or “whales,” expect the token to launch within the next year, potentially after the U.S. presidential election.
However, they also warn that any rollout could be limited, as Polymarket may focus more on raising capital than giving away tokens in significant quantities.
In short, although rumors abound, there is no official confirmation or timetable for a token release or airdrop from Polymarket at this point.
Bonk (BONK) has gone down by 7.6% in the past 24 hours and currently stands at $0.00002800. Although the token has been on a downtrend for a few days, it is approaching a key area of support that could favor a bullish Bonk price prediction. Trading volumes have gone down by 18% during this period, […]
As Bitcoin and the broader altcoin market continue to swing unpredictably, blockchain analytics firm Santiment has identified six altcoins that have sparked intense interest across social media platforms.
On this day ten years ago—July 30, 2015—a revolutionary chapter in blockchain history began.
A new report from Standard Chartered highlights that publicly traded companies holding Ethereum (ETH) as a treasury asset have emerged as a unique and fast-evolving asset class, distinct from traditional crypto vehicles such as ETFs or private funds.