Memecore’s M Token Just Crashed Above 80% to $0.48: What Happened?
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MemeCore’s M token plunged more than 80% in hours, dropping from nearly $3 to a low of $0.48 before rebounding to about $0.75, erasing roughly $3 billion of value as market cap fell from nearly $4 billion to about $940 million and fully diluted valuation dropped to around $7.15 billion. The sharp crypto token crash revived warnings about insider control and alleged manipulation, highlighting security and market risk concerns for investors and broader implications for token adoption and market integrity.
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- MemeCore’s M token crashed over 80%, falling from nearly $3 to $0.48.
- Market value dropped from about $4 billion to under $1 billion in just hours.
- ZachXBT renewed concerns over insider control and alleged manipulation.
MemeCore’s M token suffered one of the sharpest collapses in the crypto market this week, plunging more than 75% in a single day before recovering slightly.
Market data shows M fell from nearly $3 to a low of around $0.48 before rebounding to roughly $0.75. The weekly chart shows a massive red candle wiping out months of gains in hours. At its lows, the token was down more than 80% from the previous day’s levels.
The selloff erased billions of dollars in value. Market capitalization dropped to roughly $940 million from nearly $4 billion before the crash. Fully diluted valuation also fell sharply to around $7.15 billion.
ZachXBT’s Earlier Warni…
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