Onchain sleuth ZachXBT posted a teaser on X announcing a major investigation to be released Feb. 26 into “one of crypto’s most profitable businesses,” alleging multiple employees abused internal data to insider trade over a prolonged period. The teaser prompted immediate market reaction: high-revenue altcoins MET (-6.5%), HYPE (-4.4%) and PUMP (-6.6%) sold off as markets re-evaluated tokens tied to businesses that could enable insider activity. A Polymarket market tracking which company will be exposed drew over $600,000 in volume within three hours, with pumpfun at 22%, Axiom Trading Terminal at 15% and Meteora at 11%.

The story alleges insider trading by employees (ZachXBT teaser) and the market reacted with measurable selloffs in MET (-6.5%), HYPE (-4.4%) and PUMP (-6.6%); Polymarket saw >$600,000 volume in three hours — concrete signs of market-moving, negative news for the implicated altcoins.