MemeCore (M)

MemeCore’s $M wiped out nearly $3.5B in market value in just Few hours.

No confirmed hack. No exploit. No major announcement.

The token crashed roughly 85%, raising fresh concerns after earlier allegations that insiders controlled most of the supply.

A reminder: liquidity can disappear much faster than it appears.

🚨 Can a token wipe out $3 billion in 24 hours? Here’s the bitter side of crypto...

MemeCore’s $M token plunged 75% despite no confirmed hack or official news.

📉 As the price fell from $2.92 to $0.51, roughly $3 billion in market cap evaporated.

In crypto, sometimes the biggest risk isn’t on the chart but hidden behind the project.

Source: ZachXBT

#MemeCore #MToken #KriptoPara #ZachXBT #Altcoin #KriptoHaberleri

🔴$M (MemeCore) evaporated over $3B in market cap within an hour without any news.

Token $M fell from $2,9 to $0,4 and has now modestly recovered to $0,8. Market cap dropped vertically from $3,8B to under $1B within just a few hours.

The volume at the crash was only about $21M, meaning each $1 of trade wiped out more than $140 of market cap.
No FUD, no security vulnerabilities, and no reported attacks. The MemeCore team remained completely silent.

ZachXBT found that there were no $50K trades on BNB Chain for $M over the past two weeks. Liquidity on DEX was only <$100K for a token valued at several billion USD.

In April, ZachXBT questioned Kraken on why it listed M, accusing insiders of holding up to 99,6% of the supply, pointing out $7,9M of $M was withdrawn from Kraken to 18 newly created wallets, and a team-related wallet received 200M tokens right at launch. The FDV at that time was pushed up to ~ $18B.

Recent tokens share a common pattern: low circulating supply (token >90% in insiders' hands), thin liquidity, and CEX/perp listings that create an illusion of market size.

The real question is why major CEXs overlook due diligence and accept listings for tokens with such risky supply-demand structures. DEX liquidity is only 1/10,000 of the listed market cap. Perhaps the exchanges' ultimate goal is profit rather than investor benefit. Moreover, the roller-coaster price swings are what draw people into crypto, and now that coin volatility is only 3-5%, they shift to stocks.