Loss-making account buys $52,000 on NIP to beat EDG in Polymarket market

Loss-making account buys $52,000 on NIP to beat EDG in Polymarket market

N
News Editor
2026-08-28 07:28:24
PPP, a prediction-market tracking tool, flagged a notable position in Polymarket’s “LPL Road of Knights: NIP vs. EDG” event. The account, identified as 0xe015b5a2a299167be835a2fd1e86f09c49e06ffd and described as having losses of more than $500,000, bought $52,000 worth of contracts on NIP to defeat EDG. The entry price was 82.3 cents, for a total of 63,953.5 shares. The same address also holds nearly $10,000 on NIP to win Game 2. The NIP vs. EDG match started at 14:00 on Aug. 28 and is being played as a best-of-five series. At the time referenced in the update, NIP led EDG 1-0. The data cited in the report came from PPP’s monitoring of activity tied to the Polymarket event.

PPP, a prediction-market monitoring tool, reported activity in Polymarket’s “LPL Road of Knights: NIP vs. EDG” market showing that an account with losses of more than $500,000 bought $52,000 worth of contracts on NIP to beat EDG.

The address was listed as 0xe015b5a2a299167be835a2fd1e86f09c49e06ffd. Its entry price was 82.3 cents, and the purchase amounted to 63,953.5 shares.

PPP’s data also showed that the same address holds nearly $10,000 worth of positions on NIP to win Game 2.

The NIP vs. EDG match began at 14:00 on Aug. 28 and is a best-of-five series. At the time of the report, NIP was leading EDG 1-0.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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