Crypto: Shayne Coplan, CEO of Polymarket, criticizes x100 tokens
Polymarket CEO Shayne Coplan believes that hunting for tokens capable of multiplying by x100 is an «irrational exuberance». He said so on Wednesday, October 7, 2026, at Token2049 in Singapore. According to him, these buyers know the crypto asset is worth nothing and plan to resell it before it goes back to zero. According to DefiLlama, Polymarket shows $1.22 billion in volume over seven days, behind Kalshi.
Shayne Coplan compares the hunt for x100 tokens to a «hot potato» (Token2049 Singapore, October 7, 2026).
In six weeks (May–June 2026), 56% of Polymarket accounts were at a loss, according to Pew.
New York has been going after Polymarket US since September 24, 2026, for alleged unlicensed gambling.
What does Shayne Coplan say about x100 crypto tokens?
At Token2049 in Singapore, Shayne Coplan describes a «game of irrational exuberance» and a «hot potato». The fact is that buyers of these cryptoassets are looking to resell them before they return to zero. He also admits that some get rich, but reminds that what goes up ends up going down. He even contrasts prediction markets, which, according to him, do not deliver exponential gains.
However, this sample says nothing about the long term. An April 2026 analysis reported 84.1% of addresses in loss out of 2.5 million. In a binary contract, a losing position is liquidated down to zero.
Another interesting fact provided by DefiLlama: the platform has $1.22 billion in volume over seven days, versus $2.31 billion for Kalshi.
$COMP
$POWR
$DEFR.ETF
#Polymarket
Polymarket CEO Shayne Coplan believes that hunting for tokens capable of multiplying by x100 is an «irrational exuberance». He said so on Wednesday, October 7, 2026, at Token2049 in Singapore. According to him, these buyers know the crypto asset is worth nothing and plan to resell it before it goes back to zero. According to DefiLlama, Polymarket shows $1.22 billion in volume over seven days, behind Kalshi.
Shayne Coplan compares the hunt for x100 tokens to a «hot potato» (Token2049 Singapore, October 7, 2026).
In six weeks (May–June 2026), 56% of Polymarket accounts were at a loss, according to Pew.
New York has been going after Polymarket US since September 24, 2026, for alleged unlicensed gambling.
What does Shayne Coplan say about x100 crypto tokens?
At Token2049 in Singapore, Shayne Coplan describes a «game of irrational exuberance» and a «hot potato». The fact is that buyers of these cryptoassets are looking to resell them before they return to zero. He also admits that some get rich, but reminds that what goes up ends up going down. He even contrasts prediction markets, which, according to him, do not deliver exponential gains.
However, this sample says nothing about the long term. An April 2026 analysis reported 84.1% of addresses in loss out of 2.5 million. In a binary contract, a losing position is liquidated down to zero.
Another interesting fact provided by DefiLlama: the platform has $1.22 billion in volume over seven days, versus $2.31 billion for Kalshi.
$COMP
$POWR
$DEFR.ETF
#Polymarket