CryptoBearishBlockonomi · 2h ago7/10
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MemeCore $M Token Erases $3 Billion in Value Amid Ghost Market Cap Concerns
MemeCore's $M token collapsed 75% in a single day from $2.92 to $0.51 without any reported hack or exploit, erasing approximately $3 billion in market value. The crash exposed critical structural weaknesses: over 90% of the token supply was concentrated in insider hands, enabling a tiny tradable float to artificially inflate a multibillion-dollar market capitalization, with blockchain data revealing virtually no significant trading activity on the native chain for weeks prior.