UPDATE: A token with a $14 BILLION valuation just crashed 75% in hours.
MemeCore $M plunged from around $2.80 to nearly $0.50.
Wiping out billions in market value and exposing a question crypto keeps asking:
How do these tokens get so big in the first place?
According to on-chain investigator , the warning signs were there for months:
Alleged insider supply concentration.
Questionable user growth metrics.
Almost no meaningful on-chain activity.
Less than $100K DEX liquidity despite a multi-billion-dollar valuation.
Yet the token still landed listings on major exchanges, including spot and perpetual futures markets.
No hack.
No exploit.
No protocol failure.
Just a token that appeared worth billions until the market decided it wasn't.
ZachXBT is now calling for answers from exchanges over why highly concentrated and potentially manipulated tokens continue getting listed while retail traders are left holding the bag.
This is a reminder that in crypto, a multi-billion-dollar market cap doesn't always mean real adoption.
Sometimes it just means nobody has started selling yet.
MemeCore [M] Collapses 75%, FDV Crasher From $15B to $3.7B
@MemeCore_M's $M crashed 75%, plunging from $2.9 to a low of $0.78 and erasing nearly $3B in market value - with no exploit, hack, or announcement behind it. The only "trigger" was the one that was always there: nothing was holding it up.
• Market cap fell from ~$3.5B to under $1B - yet FDV still sits around $3.7B
• It crashed on just ~$20M of volume - a sign of how thin the real market was
• On-chain sleuth ZachXBT had flagged it for months: ~90% of supply held by insiders, and barely any real liquidity (<$100K on BSC)
• $M is a "memecoin blockchain" almost no one actually used - its growth came mostly from launchpad volume and paid-to-post (InfoFi) campaigns
• It was up 7,200% since July 2025 before today's wipeout
This is the RaveDAO playbook all over again: a multi-billion "ghost market cap" propped up by insiders and exchange listings, with almost no free float to absorb a single big sell.
@zachxbt is now pressing Binance, Bybit, Kraken and Bitget on why they listed it at all. The lesson never changes - FDV means nothing without real liquidity underneath.
Another day, Another scam.
MemeCore $M crashed -85% in the last 24 hours, wiping out $2.7 billion in market cap and liquidating $8 million in longs.
Reasons:
- According to reports, an estimated 99% of the supply is held by insiders, making the float smaller.
- This makes it easier to manipulate token prices, which is why MemeCore's FDV hit $34.5 billion at one point.
- Currently, on-chain liquidity for $M is around $100K while the market cap is still at $900M.
- This means even a relatively small sell could nuke the price, and this is exactly what happened today.
How many retail investors lost funds due to the MemeCore teams $M manipulation?
You are not welcome in the US go back to your home country.
Only let in the US because one of your parents is a foreign billionaire.
Not a single person would miss you if you disappeared tomorrow only your $$$.
MemeCore has just recorded one of the fastest collapses in the crypto market of 2026.
Its token, $M, plunged nearly 80% within hours, wiping out around $3 billion in market value — all without a hack, security breach, or any negative announcement from the team.
After reaching a high near $2.9, $M crashed to as low as $0.5 before recovering slightly to around $0.7. The project's market cap fell from $3.8 billion to below $1 billion in a single trading day.
What makes the event even more remarkable is the trading activity behind it. During the chaotic 24-hour period, total trading volume reached just $23 million. In other words, every $1 traded coincided with more than $140 in market value being erased.
As of now, the @MemeCore_ORG team has yet to comment on the unusual price action, and there is no evidence suggesting a hack or major technical failure.