Crypto Market Sees Sharp Price Decline Amid Exposé Speculation

A recent statement from on-chain investigator ZachXBT has sent shockwaves through the crypto market, sparking speculation about an impending exposé. The investigation is rumored to target a 'profitable business', but the name of the company remains unknown at this time.

According to Polymarket data, over $4.6 million has been wagered on potential targets, with Meteora leading the market as the most likely candidate to be exposed. Axiom and MEXC are also among the top contenders, while Pump.fun's PUMP token is considered a less likely target.

The announcement from ZachXBT has caused investors to shift their sentiment, with many selling their holdings in anticipation of the exposé. This has led to a sharp decline in the price of PUMP, which has fallen by 9.5% over the past 24 hours.