An address spent $23,000 betting on extreme volatility in the Federal Reserve's interest rate decision, with a potential profit of up to $5.64 million.

Lookonchain posted on its X platform that the market expects the Federal Reserve to keep interest rates unchanged on January 28th. Against this backdrop, a newly created address spends $23,000 to bet on three extreme scenarios: a 25 basis point or greater rate hike, a 25 basis point or greater rate cut, and a 50 basis point or greater rate cut. If any of these scenarios occur, the address will profit over $1.27 million, over $2.01 million, or up to $5.64 million respectively.