Crypto markets are abuzz after prominent on-chain investigator ZachXBT teased a major exposé targeting what he described as “one of crypto’s most profitable businesses” over alleged insider trading.
In a post on X, ZachXBT wrote: “NEW: 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.”
The post has since drawn more than 6 million views and 22,000 likes, fueling widespread speculation across the industry.
ZachXBT, an anonymous blockchain sleuth known for uncovering scams, hacks and misconduct in the digital asset space, has built a reputation for publishing detailed, evidence-backed investigations. His past reports have led to exchange account freezes, fund recoveries and heightened scrutiny of crypto firms.
With no company named, prediction market participants quickly stepped in.
On Polymarket, traders are betting on which firm could be implicated. As of Monday, decentralized exchange protocol Meteora leads the field with 41% odds.
Other names gaining traction include Pump.fun, World Liberty Financial, Axiom, and crypto market maker Wintermute.
Meteora, built on Solana, is known for its liquidity vault infrastructure and yield optimization products, positioning itself as a capital-efficient DeFi hub. The protocol has seen rapid growth amid renewed activity in the Solana ecosystem, making it one of the more profitable platforms in recent months.
Speculation intensified after one X user commented: ” I don’t think that Zach would go after wlfi.”
None of the companies named in prediction markets have publicly responded to the speculation. With the February 26 deadline approaching, traders and industry insiders alike are bracing for what could become one of the most consequential investigations of the year.
