MemeCore's M token suddenly crashes 80% with no clear trigger
CoinDesk·
60-second summary
MemeCore's M token suddenly crashes 80% in hours, plummeting from nearly $3 to $0.50, wiping out approximately $3 billion in market value, with no clear trigger or announcement. Onchain investigator ZachXBT had warned in April that M's price was being artificially propped up by insiders, potentially contributing to its sudden collapse, raising concerns about market manipulation.
The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M's price had been propped up by insiders.