MemeCore M erases nearly $3B in market value after 74% crash with no clear trigger
Coindesk •
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan NewsMemeCore’s M token fell about 74% in 24 hours, dropping from nearly $2.92 to as low as $0.51 before stabilizing around $0.74. CoinDesk says the move wiped out close to $3B in market value on just $21M of trading volume, with no confirmed exploit, hack, announcement, or public response from MemeCore. The ugly context is ZachXBT’s April warning that insiders had allegedly manipulated M to a $6B market cap and $18B FDV, making this look less like a mystery dump than a thin-liquidity token finally meeting gravity.
TLDR by @Benthic
Explore the topic
More on Markets
Trader turns $250,000 World Cup ticket profit from prediction market arbitrage
𝕏/@CirrusNFT ·
Stablecoins have been a major crypto success story, but their next five years face regulatory and market challenges.
𝕏/@GSR_io ·
Bank of America appoints dedicated AI and digital assets leaders to scale stablecoins, tokenized deposits, crypto settlement and blockchain infrastructure across its markets business
The Block ·
Paragon launches three new perpetual markets for AI connectivity layer, including Corning, Credo Technology, and Coherent
𝕏/@tradeparagon ·
Skew raises 500k HYPE ($33M) from Hyperion DeFi to launch new markets on Hyperliquid
𝕏/@SkewTrade ·
Base is seeking early-stage founders building global onchain finance, targeting payments, tokenization, stablecoins, AI agents and institutional markets
𝕏/@buildonbase ·
Trader turns $250,000 World Cup ticket profit from prediction market arbitrage
𝕏/@CirrusNFT ·
Stablecoins have been a major crypto success story, but their next five years face regulatory and market challenges.
𝕏/@GSR_io ·
Bank of America appoints dedicated AI and digital assets leaders to scale stablecoins, tokenized deposits, crypto settlement and blockchain infrastructure across its markets business
The Block ·
Paragon launches three new perpetual markets for AI connectivity layer, including Corning, Credo Technology, and Coherent
𝕏/@tradeparagon ·
Skew raises 500k HYPE ($33M) from Hyperion DeFi to launch new markets on Hyperliquid
𝕏/@SkewTrade ·
Base is seeking early-stage founders building global onchain finance, targeting payments, tokenization, stablecoins, AI agents and institutional markets
𝕏/@buildonbase ·