A failed market operation has become the cost of using Polymarket.

Breaking News: Eric, Foresight News

Beijing Time, February 23rd, ZachXBT announced on Twitter that they will publicly disclose a major investigation into the company’s internal data usage and internal transactions related to the recent surge in the most valuable enterprise bond fund. This investigation aims to examine whether the company’s employees have improperly accessed internal data to conduct insider trading.

According to the article, the flow of this announcement has already exceeded 8.5 million. Under the hype, the headline “Most Valuable Enterprise” has become a symbol of their mysterious influence. This announcement also sparked a large wave of speculation on Twitter about whether the company behind the “No Borders” project is the most valuable enterprise.

As a leading platform in the prediction market, Polymarket has not been affected by this storm of speculation and flow. Currently, the question “Which company is ZachXBT’s public company?” has become the most discussed topic among the prediction market community. Although the transaction volume is still relatively low, the activity level has already reached a new high, indicating that insiders are continuing insider trading activities.

Whether this is just a market manipulation or a genuine insider trading event, the impact has been significant. The company’s stock price has dropped by about 5% after the announcement.

On this platform, one address (0x9b65a8d272ef7daeba9ebec479895b3ee89bf52c) has transferred $6,000 worth of US dollars to Polymarket to bet that the company behind ZachXBT is Meteora, with a transaction volume of about 5%.

Another address (0x2537C69391cD0bD00CE9E827E0680438cB0C87Aa) has opened a position on Hyperliquid to short Meteora’s MET token, with a market value exceeding $33,000.

This kind of speculation is widely believed to be a coordinated market manipulation. If true, it would be a rare example of using Polymarket’s platform for such activities. The user named Bold on Twitter has announced that the internal transaction investigation is ongoing, and the company has already been notified of the investigation. They also mentioned that they will continue insider trading activities during the prediction market event.

Regardless of whether this is a market manipulation or not, the two addresses mentioned above have no direct connection to any official company or insider. They are simply traders on the prediction market platform, operating anonymously. The address starting with 0x2537 on Hyperliquid can only bet on a few projects with a total of about $6,000, while the address starting with 0x9b65 on Polymarket has recently bet on the US-based World Liberty Financial, which is also associated with ZachXBT.

In conclusion, these two incidents seem to be a coordinated market operation, possibly a clever conspiracy. If it is indeed a manipulation, it highlights how insiders can exploit the prediction market platform for their own benefit, creating waves of speculation and impact on the market. The recent surge in activity on Polymarket, especially after the Meteora short position, suggests that insiders are actively engaging in insider trading, further fueling the market’s volatility and uncertainty.