Memecore Drops 15.9% to $3.43 as $830M Wipeout Pushes It out of Top 20
Key Takeaways:
The sleuth also accused unknown insiders of manipulating M’s price until it reached a market cap of $6 billion. ZachXBT suggested such a valuation was not backed by anything substantial except for the trade volumes generated on a launchpad. At the time, some Memecore supporters pushed back against this narrative, labeling it FUD (fear, uncertainty and doubt).
“In recent posts, the only achievement the team has shared is $66 million total volume on a launchpad and thousands of ‘users’ from its incentivized InfoFi campaigns,” ZachXBT wrote.
While M’s monthly gains are markedly lower than those of RAVE, which exceeded 10,000% at one point, the token is up 7,200% since July 4, 2025. Meanwhile, some social media users are speculating whether M will become the latest token to “dump” just days after hitting a new all-time high.
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