Compass Investments

Meteora has the best chance of becoming the centerpiece of the ZachXBT investigation. Polymarket predicts that the probe, scheduled for February 26, should uncover evidence of insider trading at Meteora.

The price of MET fell 15% over the past 24 hours as traders took short positions on the token in anticipation of a possible revelation of insider trading.

Meteora has the highest probability of becoming the next big target for scrutiny by ZachXBT. The blockchain analyst hinted that he will present data on a major protocol with evidence of insider trading.

Meteora is leading the Polymarket and is expected to be the focus of ZachXBT’s next high-profile investigation. The investigation was originally expected to focus on World Liberty Fi, which prompted the organization to claim a “FUD attack”.

ZachXBT was scheduled to announce the results of its investigation on February 26. The announcement immediately triggered the creation of markets on Polymarket. Several protocols were mentioned as potential targets, including market leaders such as Coinbase and Binance. ZachXBT denied some of the rumors after users demanded for clues.

The likelihood of Meteora coming under scrutiny jumped to 53% before dropping to 45% . Nevertheless, Meteora maintains its lead after a brief period of early speculation on MEXC and Pump.fun.

Meteora is one of the leading decentralized exchanges in the Solana ecosystem and has become a platform for trading the most sought-after meme tokens. Meteora is also known for providing USDC liquidity for most of its trading pairs.

The outcome of the situation will be determined after ZachXBT announces the minutes, and the deadline for voting is March 2. In a few days, the respective prediction markets have attracted over $5 million in trading turnover, ranking among the most popular markets on Polymarket’s homepage.

See also Ethereum price forecast: Ethereum retreats to $3,800, is it preparing for another breakout?

Meteora also found itself in the spotlight of a large trader with a significant stake. This whale previously held over 100 positions on Polymarket, mostly related to cryptocurrency price movements.

In addition to betting on Polymarket, this major player’s wallet is linked to other trading accounts. One of them opened a short position in MET via Hyperliquid. This position uses 3x leverage and currently has an unrealized loss of $186K.

If ZachXBT officially confirms the Meteora connection, the MET price could collapse further, making the short position profitable.

MET is trading at $0.18, having dropped more than 15% in the last 24 hours. The token already reflects possible losses and reputational damage for Meteora if the suspicions are confirmed.

Meteora’s current liquidity stands at $494M, with daily inflows of around $500K. The exchange demonstrates a fairly stable daily revenue and has been in the positive for the past few quarters, although it is behind Raydium and PancakeSwap.

the Exchange also holds a significant share of liquidity in the TRUMP/USDC pair. This platform has been the primary platform for trading Trump’s official token (TRUMP) as well as Melania’s (MELANIA). These tokens associated with insider trading pushed Meteora to all-time highs.

By 2026, Meteora’s influence will diminish, especially after Solana squanders all the gains made in the 2024-2025 bull market and falls below the $80 mark.