Top Holders PnL
The Top Holders PnL panel shows how the biggest position holders in a market are performing — split by YES and NO side, across multiple time periods.
The panel is accessible via the tab icon in the top right corner of every market page.
Holder Count Selector
At the top of the panel, choose how many top holders you want to analyze:
10
The 10 largest position holders
20
The 20 largest position holders
50
The 50 largest position holders
Switching between 10/20/50 instantly updates the PnL table — useful for checking whether the signal holds beyond just the very top players.
What the Table Shows
The PnL table is split by position side and time period:
YES
Net PnL of top YES holders
NO
Net PnL of top NO holders
Green = net positive PnL for that group over that period
Red = net negative PnL for that group over that period
Example read: if the top 20 NO holders are sitting at +$708K over 30 days and +$1.9M all-time, while YES holders are negative over the same periods — the smart money is clearly on NO.
Time Period Views
24H
Who is winning today — recent momentum
7D
Weekly performance — short-term accuracy
30D
Monthly view — who has been consistently right
ALL
All-time PnL in this market — the full track record
Why This Is Powerful
Read the Smart Money Side
The YES/NO split shows you which side the most profitable traders are on — and how long they've been right. A group of top holders sitting on +$1.9M all-time PnL is a different signal than one sitting at -$300K.
Spot Conviction vs. Bag Holding
Strong positive PnL across 7D and 30D → Top holders on this side have been consistently right. High conviction signal.
Negative PnL + large position → These holders may be averaging down or stuck. Potential contrarian signal.
Divergence between 24H and 30D → Something shifted recently. Worth investigating what changed.
Informed Traders Leave Traces
Large positions combined with strong long-term PnL often indicate informed participants — traders with real research or inside knowledge. Especially relevant for political, crypto, and sports markets.
How to Interpret the Data
Top 20 NO holders at +$1.9M all-time, YES holders negative → The large money has been right on NO for the entire life of this market. Strong directional signal.
Both sides negative across all periods → Market is genuinely uncertain — even the largest traders are struggling to profit. Price is likely fair.
Positive 24H but negative 30D for a side → Recent reversal. Something changed — check news, recent trades, or odds movement.
Limitations & Caveats
PnL data is unrealized — it reflects the current market price, not final settlement. A trader with a large positive PnL could still lose if the market resolves against them.
Wallet addresses are pseudonymous — you cannot verify identity without additional research
Large holders may be hedging across multiple markets
PnL is calculated on current odds, not accounting for trading costs
Markets Where This Panel Activates
Top Holders PnL is available on all Polymarket event pages with sufficient liquidity and holder data.
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