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P2P Protocol Team responds to Polymarket Large Bet from Same-Named Account: Ownership of the account not confirmed, but insider trading is denied

2026.03.27 23:36:48

**P2P Protocol Responds to Polymarket FUD From "P2PTeam" Account** On March 27, the P2P Protocol team addressed FUD triggered by a large-scale prediction on Polymarket from an account named "P2PTeam"—neither confirming nor denying if the account belongs to the team or an affiliate. The account spent ~$20,000 in USDC just 10 days after the ICO announcement, buying significant "Yes" shares for Polymarket’s markets on P2P’s public offering commitments exceeding $6M, $8M, and $10M. Most of the team’s VC commitments, however, were finalized only 4–5 days ago, and participating VCs have publicly announced their involvement to ensure transparency. The team clarified the $20k prediction (in a high-volume market with ~$30k potential return) does not amount to market manipulation or insider trading—calling it an early "belief bet" and entertainment. They added the "P2P Team" account name may have been deliberately chosen to play on users’ short-term mindsets. Context: MetaDAO launched P2Pdotme’s ICO on March 26 with a $6M minimum funding target. As of now, $5.3M has been raised, with the deadline set for March 30. Per PolyBeats Bot monitoring, Polymarket’s markets put the probability of P2P’s offering exceeding $6M at 100% and exceeding $8M at 97% currently.
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