@zachxbt@cecilia_hsueh
I would like to bring an important issue regarding the upcoming conversion of SPACEX(PRE) into SPCXX to the attention of management.
Insider trading on Polymarket
Let me break down how a @TroveMarkets literally made money off its own announcements — and how Polymarket traders cashed in
At 7:17 PM the project tweets that the sale is being extended by 5 days
Here’s the key part: a few minutes earlier, starting around 7:09 PM, someone starts aggressively buying YES on Polymarket that the project will raise $15M.
At that moment:
• the ICO was already over
• there was zero public info about any extension
• there was no logical reason to enter that market
Nobody apes into size like that “by luck.”
This looks like straight-up insider info.
After the tweet, YES rips to $0.89 — and right after that, it starts dumping
Why?
Because the guys who bought at $0.04 pre-announcement are unloading.
At 7:59 PM the project posts again:
“Oops, our bad — no extension after all”
After that, the YES market on Polymarket nukes to basically zero
The timeline is clear:
• positions opened before the public tweet
• massive pump after the announcement
• insiders taking profit
• “communication mistake”
• total market collapse
The project effectively monetized Polymarket bets using its own announcements as a manipulation tool
This is dirty behavior — and it’s something traders should be watching very closely