The MemeCore (M) Price Crashes 75% as the Token Faces Questions Over Insider Holdings

MemeCore has come under intense pressure after losing more than 75% of its value in a single day. The collapse followed growing concerns about MemeCore’s token distribution, its multi-billion-dollar valuation, and allegations that insiders may control most of the supply.

According to Wu Blockchain, the M price had fallen to $0.67436 from its previous level since it fell by over 75% within a day. The selling pressure increased as market participants became skeptical about how the project managed to value itself at around $6 billion when it emerged that insiders owned over 90% of the tokens.

The M price fell from $2.80 to under $0.70

We had a look at the daily chart shared by Wu Blockchain, and the drop was dramatic. The M price started the session near $2.7840 and briefly reached $2.8000. From there, selling pressure took over. The token eventually dropped to a low of $0.44879 before recovering slightly and ending the session around $0.67436.

That left the token down 75.78% on the day. The chart also reveals another issue. MemeCore’s reported market capitalization stood at roughly $153.5 million, but liquidity was only about $103,120. In a market that thin, it does not take much selling to move the price sharply.

Holder data paints a similar picture. MemeCore reported around 7,180 holders, which is relatively small compared with larger crypto projects. A concentrated holder base combined with low liquidity can create extreme volatility whenever large wallets start moving tokens.

Analyst raises questions about MemeCore’s movements

The discussion around MemeCore intensified after blockchain investigator ZachXBT publicly questioned the project and its exchange listings. In a post directed at Kraken, ZachXBT asked why the exchange listed MemeCore in July 2025 and how the token passed its due diligence process.

This was regarding the activity in the blockchain where there were 7.9 million M tokens which had passed through Kraken withdrawals into 18 new wallet addresses that together contained 11.7 million M tokens worth $39.8 million.

ZachXBT also argued that insiders helped push MemeCore to a reported $6 billion market capitalization and an $18 billion fully diluted valuation despite limited evidence of large-scale adoption.

One address indicated in his analysis reportedly received 200 million M tokens during the token generation event. Blockchain records cited by ZachXBT show that wallet later transferred 5.3 million M tokens to Kraken deposit addresses on July 3, 2025.

These allegations have fueled concerns about how much of the supply is concentrated among insiders and whether that concentration played a role in the recent collapse.

What happens next for the M price?

The M price is now caught between a deeply oversold market and serious questions about token ownership. Some traders will look at a 75% decline and see a potential rebound opportunity. Others will focus on the concerns surrounding insider holdings, limited liquidity, and wallet concentration.

The next chapter for the M price will depend on two things: whether buyers can defend support near $0.44879 and whether MemeCore can address the concerns surrounding insider control and token movements. Until then, the market is likely to remain cautious.

CoinCodex’s 1-month M price prediction targets $0.5193, indicating further downside risk from current levels as traders assess whether the M price can stabilize above recent lows following its 75% collapse and ongoing concerns over insider-held supply.