New Investigation from ZachXBT: Crypto Community Awaits Insider Trading Exposure

Tension is building in the cryptocurrency world around the upcoming investigation from renowned on-chain detective ZachXBT. Yesterday, February 23, 2026, he announced in his post on X a major expose set for February 26. According to ZachXBT, it involves one of the most profitable businesses in the crypto industry, where several employees have been abusing internal information for insider trading over an extended period. The announcement was accompanied by an image emphasizing the seriousness of the allegations.

The Starknet project, known for its irony, immediately responded with a joke: "one of the most profitable businesses in crypto, that's definitely not us." This is a reference to ZachXBT's words about "profitability," and Starknet's post garnered thousands of likes, highlighting how the community is trying to deflect suspicions through humor.

The event didn't go unnoticed by prediction markets. On the Predict.fun platform, a bet on the investigation's target quickly appeared with a total trading volume exceeding $3.5 million. According to the latest data, the "Other" (another project) option leads with 59% probability (Yes price 61¢), followed by Pump.fun (12%, Yes 11.7¢) and Axiom (11%, Yes 10.9¢).

A similar bet on Polymarket has amassed an impressive volume of $8.5 million. Here, Meteora is the favorite at 29% (Yes 29¢), followed by MEXC (17%, Yes 17¢), Pump.fun (12%, Yes 12¢), and Axiom (8.1%, Yes 8.1¢). Recent trades show activity: traders are buying Meteora shares, while others are betting on Ethena, Robinhood, and Dexscreener.

The community is actively speculating: many are betting on Meteora and Pump.fun. In the night of February 24, larger bets appeared on Meteora, paralleled by wallets opening short positions on $MET on Hyperliquid (HL). The $MET token has already reacted with a 6.33%drop, reaching a historical low. However, there are doubts: why is ZachXBT targeting Meteora now, when related scandals (such as with tokens like Libra from Milei) surfaced a year ago? Some analysts suggest the investigation may touch on more recent cases, possibly linked to the Solana ecosystem, where Meteora plays a key role.

Other sources speculate on Pump.fun as a possible target, noting that its $PUMP token has also dipped due to rumors. Overall, the prediction market reflects chaos: trading volumes have exceeded $5.6 million across various platforms, and speculators are trying to guess the target to profit from volatility.

This situation is intriguing not only for "ludiks" (gamblers on prediction markets) but also for ordinary crypto enthusiasts. ZachXBT's investigation could uncover systemic issues in the industry, such as lack of transparency and data abuses, affecting investor trust. Many in the community joke that "crimes are everywhere," referencing anonymous silhouettes and memes, but behind the humor lies real concern. What do you think? Meteora, Pump.fun, or someone else? We're watching for updates on February 26.