CoinMeta data: At the Token2049 event in Singapore on October 7th, Polymarket CEO Shayne Coplan stated that traders chasing the next 100-fold token gains are playing a game of “irrational exuberance and hot potatoes.” He warned retail speculators that this strategy often involves betting on worthless assets in an attempt to sell them off before a collapse. Coplan pointed out that while a few traders may become wealthy as a result, such a price-increasing strategy is destined to face the risk of a decline. Polymarket, the second-largest prediction market platform, has seen over $1.22 billion in decentralized trading volume over the past seven days.