Why Is Meteora Leading ZachXBT Insider Trading Investigation Odds?

What Fuel Suspicion Around Meteora in Upcoming Insider Trading Report?

The crypto industry is closely watching an upcoming insider trading probe teased by on-chain investigator ZachXBT. On February 23, 2026, ZachXBT revealed that a major investigation involving employee misuse of internal data will be published on February 26. Since then, the largest DEX prediction platform, Polymarket traders have been speculating about the possible target, with Meteora emerging as the leading suspect. 

Source: Polymarket Official

Polymarket betting spaces show Meteora holding the highest probability among suspected platforms, with millions in trading volume backing this stance. 

The large numbers show that traders are not guessing randomly. So, do they know something? Maybe the analysis where insider advantages could realistically exist. 

Why Meteora: Reasons Behind Traders Large Bet

Meteora is a Solana liquidity protocol that powers token launches and liquidity for new assets. It became a central hub during high-profile meme coin launches such as $TRUMP and $MELANIA.

Reports and Social media sources like Coin Bureau, linked these launches to situations where retail investors lost around $4.3B while early participants reportedly captured about $1.2B through single-sided liquidity strategies. 

These strategies allow liquidity providers to deposit only one token and collect fees as new buyers enter the market. Because liquidity platforms can see inflows and positioning early, traders believe any informational advantage could originate from this layer. 

Impact is Clear on $MET Price

The effect of the upcoming ZachXBT investigation, with speculation high on Meteora as a possible target increasing uncertainty. The platform’s native token $MET dropped 14.5% to $0.1697 within 24 hours. Trading volume also surged to $29.75M (+172.32%) showing strong selling pressure as holders are exiting positions quickly, a typical sign of capitulation. 

Other: Where They Lie and Why?

Other platforms are also part of the insider trading probe speculation, but for different reasons:

Pump.fun: It is the largest meme-coin launch platform on Solana. Employees could see launch queues, early buy pressure, and trending tokens before the public potentially, creating a possible informational edge. 

Axiom: A major Solana trading terminal that aggregates DeFi activity. Its internal dashboards track real-time order flow, whale activity, and new token momentum, which could provide early insights if misused.

Jupiter: Solana’s leading swap aggregator handling massive routing volume. While it has less direct launch visibility, its access to large trading flows keeps it in discussion as a lower-probability candidate. 

Along with them, MEXC, a well known centralized exchange, is also often mentioned in the insider-trading discussions because exchange staff may see schedules, deposits, and order book movements before it gets public. 

Overall, these platforms remain second suspects, but speculation exists due to their potential access to non-public market data. 

For Now: ZachXBT has not confirmed any platform yet and has provided no additional hints. The upcoming report is expected to include wallet analysis, timelines, and on-chain evidence explaining whether employees used non-public data for trading over an extended period.  

Note: These mentions are based on market speculation and prediction market probabilities. No platform has been officially accused or confirmed in the insider trading probe until the investigation report is released.