Polymarket Considers POLY Airdrop Amid Market Recovery

2025-10-20 22:19

Polymarket is reportedly considering an airdrop of its POLY token as the cryptocurrency market shows signs of recovery. Bitcoin has rebounded to $110,822.82, and Ethereum is nearing $4,000, contributing to the market's positive momentum. Polymarket's valuation has surged to $9 billion following a $2 billion investment from ICE, with consistent monthly trading volumes exceeding $1 billion for over a year. Founder Coplan hinted at the potential airdrop on October 8, using the code 'POLY,' which has fueled speculation among users. As a result, users are exploring arbitrage strategies to optimize their potential gains from the airdrop, although only 15% of active users have placed more than 10 bets.

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