A recent enigmatic tweet from blockchain investigator ZachXBT has prompted a significant increase in betting activity on Polymarket, with over $2.2 million traded on a market speculating about which cryptocurrency company will be exposed in an upcoming insider trading investigation. ZachXBT announced on February 23 that a “major investigation” would be unveiled on February 26, targeting one of the most lucrative businesses in the crypto sector, although he did not disclose the company”s name.
Within hours of his announcement, traders flocked to place their bets. According to current data from Polymarket, Meteora is leading the odds, closely followed by MEXC, Pump.fun, and World Liberty Financial (WLFI).
Reasons for Rising Bets on Candidates
Meteora has garnered attention due to its position as a trading infrastructure on the Solana blockchain, specifically linked to high-volume meme coin liquidity. It has also been scrutinized in community discussions regarding politically affiliated meme coin activities, including tokens related to former President Trump.
MEXC made the list as it has been frequently mentioned in social media debates surrounding its listing practices, whale activities, and purported insider trading patterns within the meme coin markets. While this does not confirm any wrongdoing, it clarifies why bettors have quickly identified it as a likely candidate.
Pump.fun and WLFI Under the Microscope
Bets on Pump.fun have surged as it stands at the forefront of the meme coin launch ecosystem. The platform has faced intense scrutiny regarding early wallet activities and whether certain participants had unfair advantages during token launches. Recently, discussions emerged speculating that Hayden Davis might have been a significant early investor in the PUMP token launch. However, Pump.fun has since denied these allegations, labeling them as unfounded.
Meanwhile, World Liberty Financial appears to have entered the betting conversation following a brief depegging of its USD1 stablecoin on February 23. WLFI attributed the incident to a coordinated attack, claiming that hackers compromised cofounder accounts, disseminated fear, and opened short positions aimed at profiting from the chaos.
In their statement, WLFI noted, “A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos. It didn”t work. Thanks to USD1″s sound mint-and-redeem mechanism.”
The series of events surrounding WLFI, combined with ongoing rumors about politically linked crypto projects, has likely raised the company”s profile among traders. As it stands, the market on Polymarket reflects speculation and sentiment rather than definitive confirmation about ZachXBT”s target.
