Polymarket-linked trader activity shifts to new account on Polygon

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Polymarket trader new account

Highlights

Activity data shows Polymarket trader 'swisstony' stopped betting on 26 August after moving $1 million from Polygon to Ethereum, then transferred $3.3 million into new account 'Flaznorp'.
'Flaznorp' promptly began trading with similar high-volume, algorithmic strategies as 'swisstony', ranking seventh by raw profit during its active period.
Operational continuity and on-chain transparency enable market participants to track large-scale trading strategies despite account transitions on Polymarket.

Wallet transfers point to account transition

As reported by Financial Times, activity on the Polygon blockchain suggests the Polymarket account known as "swisstony" stopped placing bets on 26 August at about 9:15 a.m. UTC and moved $1 million off Polygon into an Ethereum wallet.

About five minutes later, that same Ethereum wallet sent $50,000 back into Polymarket to a newer account called "Flaznorp". Within roughly 15 minutes, the new account had started betting, and the wallet linked to swisstony ultimately transferred $3.3 million into Flaznorp.

The article says swisstony had generated the largest return on the prediction market over the six months since April, with $12 million in profit despite ceasing activity before the full period ended. Its edge came less from outsized single wins than from maintaining a slightly positive average return while cycling capital through 184,000 positions with a combined value of $657 million.

High-volume strategy remains visible on-chain

The shift matters because Polymarket runs on Polygon, allowing market participants to track both wagers and fund transfers on-chain. That visibility makes it possible to compare the behavior of the old and new accounts in timing, scale and capital deployment.

While the identity behind Flaznorp cannot be confirmed from wallet activity alone, the new account is showing trading volumes and patterns that closely resemble swisstony's earlier approach. Over the period in which Flaznorp has been active, it ranks seventh overall by raw profit, according to the text, and stands out as the largest high-volume algorithmic trader among accounts that are not driven mainly by a few large winning swings.

The development is likely to attract attention from copy-traders and other prediction-market participants looking for repeatable strategies at scale. It also underlines how transparent blockchain-based betting venues can expose operational continuity even when account names change.

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