MemeCore token M’s market cap evaporates by $3 billion, project team’s lack of response sparks community dissatisfaction

According to CoinDesk, the market capitalization of the MemeCore ecosystem token M evaporated by $3 billion in a single day. The project team has not yet issued a public response to the token's sharp decline, leading to community dissatisfaction. ZachXBT previously questioned whether the high valuation of the M token was driven by internal capital, noting that M spot trading is concentrated on a few trading platforms and that market hype stems from token launchpad trading volume and social media promotion activities.