Blockchain investigators have traced a Polymarket account that earned over $56,000 betting that Trump would pardon Zhao in 2025 to the same wallet used in a previous series of well-timed Bitcoin and Ethereum shorts. The link was first flagged by onchain analyst Euan, who shared evidence through Etherscan records connecting the two sets of transactions.

For many in the crypto community, the coincidence was too convenient to ignore. The trader’s earlier bets – placed just before Trump announced a 100% tariff on Chinese goods- had already led to whispers of insider knowledge. Now, another profitable move tied to political news has reignited suspicions that the trader may have access to information unavailable to the public.

Denials and Defenses

Rumors soon began circulating that Garrett Jin, the former CEO of BitForex, was behind the wallet. Jin has repeatedly denied the accusations, stressing that the funds and trades are tied to clients, not personal accounts. “We run infrastructure and provide analytics. Those trades aren’t mine,” he stated on X. Jin also dismissed any suggestion of political connections, calling claims of links to the Trump family “ridiculous.”

Still, onchain detectives remain unconvinced. Popular investigator Coffeezilla reposted the data to his 736,000 followers, saying the wallet’s activity “looks like textbook insider knowledge.” Others, like pseudonymous sleuth Eye, added that “someone clearly knows something we don’t.”

Divided Reactions in the Crypto Community

While skepticism runs high, not everyone believes foul play is involved. Jacob King, CEO of Swan Desk, said the outcome was “plainly foreseeable,” revealing he too made a fortune – early $1 million – n the same pardon bet. “After CZ poured billions into the WLFUSD stablecoin, it was obvious he’d be in good standing with the administration,” King argued.

Others found the accusations far-fetched. Market analyst Abbas questioned why anyone with genuine presidential-level access would risk exposure for a mere $56,000 gain. “The pardon was being discussed for months,” he said. “It wasn’t exactly a wild guess.”

The Rise of Political Trading on Blockchain

The controversy spotlights a growing phenomenon in digital finance: onchain prediction markets where users wager on political and economic outcomes. Platforms like Polymarket have become hotspots for traders speculating on events that can ripple through crypto prices – from elections to regulatory decisions.

As the line between political influence and crypto speculation blurs, the story of this trader underscores a broader question: are these platforms a transparent window into sentiment, or a playground for those with privileged information?

For now, the identity behind the wallet remains a mystery. But with every perfectly timed trade and political prediction, the trader’s legend – and the suspicion surrounding it – continues to grow.

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