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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid rising concerns over market manipulation in crypto, MemeCore's M token plunged sharply after on-chain investigator ZachXBT warned that its supply is largely controlled by insiders. According to reports, the warning triggered a wave of selling as holders rushed to exit positions, undermining confidence in the project.
The incident adds to growing scrutiny of exchange listing standards, with regulators previously flagging risks from meme coins and insider schemes. MemeCore has yet to release a statement, while the warning has prompted many traders to liquidate holdings in anticipation of further downside.
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Sign InThe M token faces intense selling pressure amid a lack of updated price data from major exchanges, as it remains listed on smaller platforms. Traders are monitoring any follow-up statements from ZachXBT or regulatory bodies, as well as potential exchange announcements that could determine the token's trajectory in the coming days.