Memecore Suffers Major Market Fall, Dips 15.9% to $3.43
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The cryptocurrency landscape experienced turbulence as Memecore (M) saw a significant decline in its market capitalization, plummeting from $5.4 billion to $4.57 billion by Tuesday. This steep drop pushed the memecoin out of the top 20 digital assets, marking a dramatic turn in its recent trajectory.
On Tuesday, Memecore hit a troubling intraday low of $3.43, which accounted for a 15.9% decrease in just 24 hours. Although it managed a slight rebound to $3.52 shortly after, this was the first occasion it traded below the $4 threshold in over a week.
This downturn unfolded just days after the coin peaked at $4.82, reflecting a swift reversal of fortunes for investors. Such volatility raised concerns, especially following scrutiny from noted analyst ZachXBT, who had recently investigated irregularities within another memecoin, RaveDAO (RAVE). His findings have led to heightened caution over Memecore’s sudden price activity, which was suspected of being artificially inflated.
In a message shared on platform X, ZachXBT expressed doubts about Kraken’s decision to list Memecore, questioning how the token passed thorough vetting procedures. His previous investigations have notably led major exchanges, such as Binance and Gate, to conduct reviews that revealed troubling elements regarding RAVE, which subsequently plummeted in value.
Compounding fears, ZachXBT inferred that unknown insiders may have manipulated Memecore’s pricing, driving its market cap to an unsustainable $6 billion based solely on trading activities linked to its launchpad. This sparked objections from some Memecore advocates, who dismissed these notions as fear, uncertainty, and doubt (FUD).
Despite being far less extreme than RAVE’s staggering gains, which exceeded 10,000% at one point, Memecore has still seen a remarkable rise of 7,200% since July 4, 2025. As the community reflects on its uncertain future, some investors are left wondering if Memecore will experience a severe drop akin to RAVE shortly after reaching new heights.
This latest situation underscores the precarious nature of low-liquidity tokens, where rapid shifts can lead to significant market corrections. The fallout from Memecore’s recent decline serves as a cautionary tale for investors, emphasizing the importance of vigilance in an ever-changing cryptocurrency market.
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Gregory Russell
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