In a brewing series, the crypto community is waiting for on-chain investigator ZachXBT to release the results of what he calls a “major investigation.”
He is expected to reveal everything on the 26th of February. Until then, the industry is stuck in a tense waiting period, but the market is not staying quiet.
On Polymarket, people have already started betting on the outcome. Million has flowed into a prediction market where users are guessing which major player – Meteora, World Liberty Financial, or even a big exchange – might be exposed for insider trading.
ZachXBT threw a ball of fire
The betting began on the 23rd of February, shortly after ZachXBT hinted at the investigation.
Taking to X, ZachXBT had noted,
“Major investigation dropping February 26 on one of crypto’s most profitable businesses, where multiple employees abused internal data to insider trade over a prolonged period of time.”
Since then, the hype is there, as highlighted by CNBC crypto trader Ran Neuner, who said,
“ZachXBT drops his biggest investigation in 48 hours. Multiple employees. One of crypto’s most profitable businesses. Insider trading over a prolonged period. The top revenue tokens are already bleeding. The market knows something you don’t.”
Why are people betting more on Meteora?
By the 24th of February, Meteora had become the top target, with its chances rising to 53%. Many bettors focused on its central role in Solana’s DeFi system.
During the 2024–2025 memecoin boom, huge volumes of tokens like Official Trump ($TRUMP) and $MELANIA passed through Meteora’s vaults. Traders believe this may have created opportunities for insiders to misuse private data.
But by the 25th of February, confidence started to fade.
Meteora’s odds dropped sharply to 28%. Behind Meteora, the market remains divided among several other names. Pump.fun, currently at 12%, has seen the largest single bet so far, worth $332,000, yet its odds have barely changed.
Axiom, at 11%, was once viewed as a strong contender, but its chances have dropped by nearly 40% since the market opened, suggesting fading confidence.
Meanwhile, MEXC and Jupiter hover between 14% and 11%, showing limited but steady attention.
Jupiter’s inclusion reflects ongoing doubts about Solana’s trading routes, while MEXC continues to face pressure due to online claims about how it handles memecoin listings.
Market plays heads and tails
This coincided with Meteora ($MET) trading at $0.1798, up 7.44% in just one day, even though its chances of being blamed dropped sharply. Jupiter ($JUP) also rose 4.33% to $0.1475. Meanwhile, Pump.fun continued to fall, down 2.34% to $0.001720.
Needless to say, ZachXBT has built his reputation on hard blockchain evidence, not rumors, tracing funds step by step across networks.
Recently, in January, he proved this again after a social engineering attack drained over $282 million from a single investor.
Now, as February 26 approaches, the same cycle is unfolding again, with everyone waiting to see who becomes the culprit.
Final Summary
- The gap between prediction odds and token prices reflects deep uncertainty across the crypto ecosystem.
- The January $282 million hack proved that even strong security fails when human trust is exploited.
