Meteora’s Unwanted Victory: ZachXBT Investigation Crowns Odds-On Favorite in Insider Trading Probe
Another day, another crypto scandal—but this one's got a twist. The latest ZachXBT investigation just dropped, and the results are about as surprising as a bull market after a halving.
The Inside Track
Forget shadowy figures in basements. This probe points the finger squarely at a major player already sitting at the top of everyone's watchlist. The community's long-held suspicions? Confirmed. The data doesn't lie, and in this case, it's painting a picture of advantage taken, not given.
A Win Nobody Wanted
Meteora just clinched a title no protocol aspires to hold. Being the odds-on favorite in an insider trading investigation is like winning a trophy for 'Most Predictable Rug Pull'—it's recognition you'd rather avoid. It underscores a brutal truth in DeFi: sometimes, the house doesn't just win; it might have been playing with a marked deck. A cynical jab for the finance purists? It's the ultimate alpha generation—if you ignore the pesky ethics and legal frameworks traditional markets pretend to care about.
The investigation cuts through the noise, bypassing speculation to deliver cold, hard on-chain evidence. The findings land not with a whisper, but with the definitive thud of a ledger closing. It's a stark reminder that in the race for returns, the line between savvy trading and outright exploitation can get blurry—until a blockchain sleuth shines a light on it.
Meteora odds are climbing to 53%
The odds of Meteora being the subject of investigation climbed to 53%, later dropping to a lower baseline of 45%. Even still, Meteora remains in the lead, following a brief period of early speculation on MEXC and Pump.fun.
Meteora is one of the top exchanges in the solana ecosystem, which has been the venue for trading the hottest meme tokens. Meteora is also known for providing USDC liquidity for most of its pairs.
The market will resolve after ZachXBT announces the project, with a March 2 deadline for voting. Within days, the prediction pairs accrued over $5M in trading volumes, becoming one of the trending markets on the Polymarket landing page.
Insider whale hints at Meteora
Meteora was also singled out by a prominent trader with a significant bet. The whale has over 100 former positions on Polymarket, mostly linked to crypto prices.
In addition to the Polymarket bet, the whale’s address also points to other trading wallets. One of the wallets has built a short position on MET through Hyperliquid. The position uses 3X cross leverage, and currently carries an unrealized loss of $186K.
If ZachXBT announces Meteora officially, MET may sink further, turning the short position profitable.
MET traded at $0.18, sinking by over 15% in the past 24 hours. The token is already reflecting the potential losses and reputation hit for Meteora if the suspicions prove true.
Meteora currently carries $494M in liquidity, with around $500K in daily fees. The exchange produces relatively predictable daily fees and is in the green for the past few quarters, despite lagging behind Raydium and PancakeSwap.
The exchange also has a significant part of its liquidity locked in the TRUMP/USDC pool. The market was the main venue for trading OFFICIAL TRUMP (TRUMP), as well as Melania (MELANIA). Those tokens were linked to insider trading, which led Meteora to an all-time high.
As of 2026, Meteora’s influence has weakened, especially as Solana erased all of its gains from the 2024-2025 bull market and dipped below $80.
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
