The M token’s sudden collapse follows warnings of insider price manipulation without a clear external trigger.
MemeCore’s M token dropped from nearly $3 to $0.50 in hours, wiping out approximately $3 billion in market value. The crash occurred without any announced exploit or external catalyst, raising concerns over internal market dynamics.
Onchain investigator ZachXBT previously warned in April that the token’s price had been artificially supported by insiders. The lack of a clear trigger has amplified speculation about potential manipulation or liquidity issues within the project.
Traders are monitoring the situation closely as the token’s rapid decline highlights risks in meme-coin markets, where valuations often lack fundamental support.