$400K Polymarket Win Tied to Coinbase-Funded Wallets

• On-chain data links a $400K Polymarket win to wallets sharing Coinbase deposit paths and timing patterns.
• Nearly identical SOL transfers and ENS-linked wallets suggest coordinated funding activity before the wager.
• Post-payout movements show rapid asset shifts from Polymarket winnings to Coinbase and meme tokens.

A series of on-chain transactions tied to a highly profitable wager on the prediction market Polymarket has drawn scrutiny across crypto social media, after blockchain researchers identified wallet activity that appears to link the trade to accounts connected with Steven Charles Witkoff, a co-founder of World Liberty Finance ($WLFI).

The wager in question involved a market predicting whether Venezuelan President Nicolás Maduro would be removed from office by January 31, 2026. According to public data, an account placed roughly $32,000 worth of positions just hours before reports circulated of a major U.S. military operation in Venezuela. Following those developments, the position paid out approximately $400,000.

Funding Trail Linked to Centralized Exchange Deposits

Blockchain analysis shared by Andrew traced the Polymarket account’s funding to two wallets that showed no prior activity beyond receiving funds from Coinbase and transferring them to Polymarket. One of those wallets received 252.39 SOL from Coinbase on January 1 at 11:53 p.m. UTC.

Further review of Coinbase-related inflows identified a closely matching deposit of 252.91 SOL sent to Coinbase around 23 hours earlier from a wallet labeled STVLU.SOL. The near-identical amounts and timing drew attention because the STVLU.SOL wallet is associated with multiple Solana Name Service (SNS) and ENS-style identifiers, including “StCharles.SOL.”

Wallet Names and ENS Identifiers Raise Questions

The same data highlighted a second funding path involving a wallet associated with the name Solhundred.sol. That wallet has been spotted connecting with another account labeled StevenCharles.sol. Transaction records show transfers totaling approximately $11 million between Solhundred.sol and StevenCharles.sol.

The StevenCharles.sol identifier matches the name of Steven Charles Witkoff, one of the co-founders of World Liberty Finance. All three wallets referenced in the analysis, STVLU.sol, Solhundred.sol, and StevenCharles.sol, appear to share overlapping Coinbase deposit addresses, based on the transaction data cited.

Related:U.S. Attacks Venezuela; Is Crypto the Only Financial Escape?

Post-Payout Movements and Token Purchases

After the Polymarket position was closed, approximately $440,000 in winnings were withdrawn from the Polymarket account back to Coinbase. Roughly a few hours later, blockchain records show that Fartcoin tokens valued at about $170,000 were withdrawn from Coinbase to the STVLU.sol wallet.

The sequence of events, including the matching SOL transfer amounts, shared exchange deposit infrastructure, and afterward asset movements, has fueled discussion about whether the trade benefited from advance awareness of geopolitical developments.