"Memecore (M) plummeted 15.9% to a $3.43 low on Tuesday, erasing nearly $1 billion in market capitalization, marking the first time it traded below $4 in over seven days."
"ZachXBT's scrutiny of M and Kraken's listing sparked fears of a RaveDAO-style collapse, as he questioned how the token passed due diligence."
"The crash occurred just four days after the token peaked at a record $4.82, raising concerns about potential manipulation by unknown insiders."
Memecore (M) saw its market capitalization decrease from $5.4 billion to $4.57 billion, dropping 15.9% to a low of $3.43. This decline marked its first trading below $4 in over a week. The crash followed a record peak of $4.82 just days prior. Scrutiny from ZachXBT regarding Kraken's listing and potential price manipulation has raised fears of a collapse similar to RaveDAO. Investors are now uncertain about Memecore's future after its substantial 7,200% increase since July 2025.
Read at news.bitcoin.com
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