TLDR Blockchain investigator ZachXBT teased a “major investigation” into insider trading at a top crypto firm, set to drop February 26 Polymarket bettors placed over $7 million wagering on which company will be named Solana liquidity platform Meteora leads the odds at around 43%, followed by Axiom, Pump.fun, Jupiter, and MEXC ZachXBT claims multiple employees “abused internal data to insider trade over a prolonged period of time” Prediction markets themselves are under scrutiny from US regulators, with the CFTC asserting federal jurisdiction over platforms like Polymarket
Blockchain investigator ZachXBT posted on X that he would release a “major investigation” into one of crypto’s most profitable businesses on February 26.
He said the investigation would show that multiple employees abused internal data to insider trade over a prolonged period. He did not name the company.
The announcement was enough to spark a betting frenzy on Polymarket, a blockchain-based prediction market where users risk real money on real-world outcomes.
Within hours of the post, traders began placing bets across several named candidates. Total wagers crossed $7 million as of Tuesday.
Source: TradingView
Polymarket works by letting users trade contracts tied to specific outcomes. Odds reflect where bettors are willing to put capital, not confirmed facts.
Solana-based liquidity platform Meteora is the current front-runner, carrying around 43% odds. That outcome alone has drawn over $319,000 in volume.
Meteora has been discussed in crypto communities before, largely due to its role in meme coin launch liquidity and its proximity to politically linked tokens, including Trump-themed meme coins. The company did not respond to requests for comment.
Other Candidates and Their Odds
Axiom sits at 13% and Pump.fun at 12%. Pump.fun has faced months of scrutiny over early-wallet sniping, though it has denied any insider advantages.
Jupiter is at 8% and MEXC