BlockBeats News, March 27th, the P2P Protocol team responded to the FUD triggered by a large prediction by the “P2PTeam” account on Polymarket: neither confirming nor denying whether the account belongs to the team or an affiliate. The account made a large purchase of USDC worth $20,000 just 10 days after the IC0 announcement, buying a significant amount of “Yes” shares in the public offering, with commitments exceeding $6 million, $8 million, $10 million, and so on. However, most of the VC commitments were only finalized 4-5 days ago, and the VCs have publicly announced their participation, ensuring transparency of information.
The P2P Protocol team pointed out that using $20,000 to predict in a high-volume market with a potential return of only about $30,000 is not market manipulation or insider trading but rather an early “belief” bet and entertainment. The account’s name “P2P Team” may have been deliberately chosen to play with users’ short-term thinking.
MetaDAO launched P2Pdotme’s IC0 on March 26th, with a minimum funding target of $6 million. The current raised amount is $5.3 million, with the deadline set for March 30th. According to PolyBeats monitoring, in the prediction market Polymarket, the probability of the total public offering commitments for the P2P Protocol exceeding $6 million has reached 100%, with the probability of exceeding $8 million currently standing at 97%.
