Polymarket Bets Exceed $7M on ZachXBT's Meteora Investigation

Edgen Crypto

·Feb 24 2026, 23:00

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Key Takeaways

Traders have poured over $7 million into a Polymarket contract, betting on the outcome of an investigation by on-chain sleuth ZachXBT into the crypto project Meteora. The results, expected this Thursday, are creating significant event risk for the project's token.

Over $7 million has been wagered on the prediction market Polymarket regarding the outcome of a crypto investigation.
The inquiry, led by prominent crypto sleuth ZachXBT, is reportedly focused on the project Meteora.
The announcement, expected on Thursday, could trigger significant price volatility for any related tokens as the market prices in event risk.

$7 Million Wagered on ZachXBT Investigation Outcome

As of February 24, 2026, users on the prediction market Polymarket have wagered more than $7 million on the outcome of an investigation by the prominent on-chain analyst ZachXBT. The large betting pool signals significant market interest and speculation surrounding the inquiry, which is reportedly centered on the crypto project Meteora. The results of the investigation are expected to be announced this Thursday, creating a high-stakes binary event for traders.

Meteora Faces High Volatility Ahead of Thursday's Reveal

The outcome of the investigation presents a stark risk for any token associated with the Meteora project. A negative report from a respected figure like ZachXBT could severely damage market confidence, potentially leading to a sharp price decline and loss of user trust. Conversely, if the investigation clears Meteora of any wrongdoing, its token could experience a relief rally as the uncertainty is resolved. The event underscores the growing use of prediction markets like Polymarket to hedge exposure and price in the risk of specific, high-impact events.