{"investigation":{"slug":"memecore","entity_name":"MemeCore","trust_score":26,"severity_base":26,"score_modifier":0,"confidence":0.72,"status":"published","content_type":"investigation","summary":"MemeCore (M) is a self-described Layer 1 meme-economy blockchain whose mainnet launched in February 2025 and whose token listed on several major centralized exchanges in July 2025, reaching a reported market capitalization of $6-7 billion in April 2026. On-chain investigator ZachXBT alleged that insiders hold over 90% of the supply and flagged $7.9 million in suspicious post-listing Kraken withdrawals; CertiK data shows an 87.4% major holding ratio among the top two wallets. On June 25, 2026 the token fell 74-80% in a day, erasing about $3 billion, with no identified catalyst and no statement from the team; the insider allegations remain unproven and no regulatory action has been reported.","sections":[{"content":"MemeCore is a self-described EVM-compatible Layer 1 blockchain designed to 'structure the meme coin economy' around a 'Proof of Meme' (PoM) consensus mechanism, which the team describes as a hybrid of Proof-of-Authority and delegated Proof-of-Stake and which it says rewards content virality, on-chain activity and community participation. The project positions itself as the first blockchain built for 'Meme 2.0', a framework aimed at giving meme coins lasting utility, and presents meme coins as sustainable economic assets rather than purely speculative instruments. The native token, M ($M), is used for gas fees, validator registration, staking and governance. The platform includes sub-products branded MemeX and MemeMax, with an ecosystem grants program allocating 300 million $M to MemeMax and $7 million to MemeX for supporting meme coin projects. Development began in 2024, and the mainnet launched on February 12, 2025; The Block carried a press release announcing the Layer 1 launch in September 2025. The project was founded by CEO Jun Ahn, who previously worked in an Asia-facing capacity for hardware wallet company Ledger, founded the Web3 investment network 0xLootBox, and held roles at Chains.Asia and as General Partner at Algorithm X Capital. Cherry Hsu is listed as Chief Business Development Officer and is described as a game developer with marketing experience and a graduate of Chang Gung University in Taiwan. A media contact in the project's press releases is named only as 'Josh, Business Development, MemeCore Foundation.' CertiK's Skynet page notes that the team has not been verified through CertiK's identity verification process. ZachXBT and others alleged that user acquisition relied heavily on 'InfoFi', incentivized social media campaigns that pay participants to post content, rather than organic on-chain adoption.","heading":"Project Overview and Team","sources":[{"url":"https://docs.memecore.com/","name":"MemeCore official documentation","type":"official","credibility":2},{"url":"https://coinmarketcap.com/cmc-ai/memecore/what-is/","name":"What Is MemeCore (M) And How Does It Work? - CoinMarketCap","type":"other","credibility":2},{"url":"https://www.theblock.co/press-releases/369977/memecore-launches-layer-1-blockchain-to-structure-the-meme-coin-economy","name":"MemeCore Launches Layer 1 Blockchain to Structure the Meme Coin Economy - The Block","type":"news_article","credibility":2},{"url":"https://www.prnewswire.com/news-releases/memecore-announces-m-token-listing-on-major-centralized-exchanges-302498169.html","name":"MemeCore Announces $M Token Listing on Major Centralized Exchanges - PR Newswire","type":"official","credibility":2},{"url":"https://www.bitget.com/academy/what-is-memecore-m-and-how-does-it-work","name":"What Is MemeCore (M)? How Does It Work? - Bitget Academy","type":"other","credibility":2},{"url":"https://iq.wiki/wiki/memecore","name":"Memecore - IQ.wiki","type":"other","credibility":2},{"url":"https://skynet.certik.com/projects/memecore","name":"MemeCore - CertiK Skynet Project Insight","type":"research","credibility":2},{"url":"https://coinlaw.io/zachxbt-memecore-6b-valuation-token-supply/","name":"ZachXBT Questions MemeCore $6B Valuation and Supply — CoinLaw","type":"news_article","credibility":2}],"severity":"medium"},{"content":"On March 27, 2025, the MemeCore Foundation announced strategic investment from a group of blockchain venture capital firms including IBC Group, Waterdrip Capital, AC Capital, CatcherVC, K300 Ventures, WAGMI Ventures and Click Capital; the amount raised was not disclosed. A second strategic round was finalized in July 2025 with participation from Klein Labs.","heading":"Funding","sources":[{"url":"https://news.marketersmedia.com/memecore-secures-strategic-venture-investment-to-accelerate-blockchain-innovation-and-ecosystem-expansion/89156268","name":"MemeCore Secures Strategic Venture Investment - Marketers Media","type":"news_article","credibility":3},{"url":"https://cryptorank.io/ico/memecore","name":"MemeCore (M) Funding Rounds, Token Sale Review and Tokenomics Analysis - CryptoRank","type":"research","credibility":2},{"url":"https://coinlaw.io/zachxbt-memecore-6b-valuation-token-supply/","name":"ZachXBT Questions MemeCore $6B Valuation and Supply — CoinLaw","type":"news_article","credibility":2}],"severity":"low"},{"content":"On-chain investigator ZachXBT, alongside analysts identified as Mlm and Wazz, alleged that insiders associated with MemeCore control more than 90% of the M token supply. In a post on X, ZachXBT wrote: 'Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply.' Reports differ on when ZachXBT first raised the allegation: the survivor page and CoinTelegraph-based reporting place the challenge on approximately April 20, 2026, while CryptoRank-based reporting dates initial allegations to March 21, 2026, saying the token fell about 8% in response. ZachXBT did not simultaneously publish definitive wallet-level data proving the 90% figure, but pledged to investigate further after the collapse of RaveDAO (RAVE). According to reporting based on Arkham Intelligence data, a Binance deposit address allegedly held approximately 41.3% of the token supply, while a separate wallet controlling 50 million M accounted for approximately 21.77% of circulating supply. Bubblemaps analysts separately noted that a wallet designated 0x8b8 held approximately 50 million M and that concentrated holdings 'looked more like team-held allocations', with some tokens potentially not yet in circulation. CertiK's audit data reports a 'Major Holding Ratio' of approximately 87.4% among the top two wallet holders. ZachXBT also flagged MemeCore alongside five other tokens with allegedly questionable price action: SIREN, MYX, COAI, PIPPIN and RIVER. The token contract address on BNB Smart Chain is reported as 0x22b1458e780f8fa71e2f84502cee8b5a3cc731fa. These allegations remain unconfirmed by any court filing or regulatory action.","heading":"Alleged Insider Supply Concentration","sources":[{"url":"https://x.com/zachxbt/status/2046228647951101995?lang=en","name":"ZachXBT on X - original challenge to MemeCore","type":"social_media","credibility":2},{"url":"https://cointelegraph.com/news/investigator-concentration-concerns-memecore","name":"ZachXBT Flags Holder Concentration Concerns Tied to MemeCore - CoinTelegraph","type":"news_article","credibility":2},{"url":"https://www.tradingview.com/news/cointelegraph:a42e22ae9094b:0-zachxbt-asks-memecore-to-explain-valuation-and-token-supply/","name":"ZachXBT asks MemeCore to explain valuation and token supply - TradingView","type":"news_article","credibility":2},{"url":"https://cryptorank.io/news/feed/9588b-zachxbt-memecore-insider-supply-allegations","name":"ZachXBT Allegations Expose Memecore's Shocking 90% Insider Supply - CryptoRank","type":"news_article","credibility":2},{"url":"https://en.bloomingbit.io/feed/news/110309","name":"ZachXBT Targets Memecore, Demands Answers on Insider Control of Over 90% of Supply — Bloomingbit","type":"news_article","credibility":2},{"url":"https://cryptoticker.io/en/memecore-m-insider-supply-scandal-analysis/","name":"MemeCore (M) Under Fire as Onchain Probe Reveals 90% Insider Control - CryptoTicker","type":"news_article","credibility":2},{"url":"https://skynet.certik.com/projects/memecore","name":"MemeCore - CertiK Skynet Project Insight","type":"research","credibility":2},{"url":"https://www.cryptopolitan.com/insider-manipulation-new-target-after-rave/","name":"Insider manipulation watch finds new target after RAVE, SIREN implosions - Cryptopolitan","type":"news_article","credibility":2}],"severity":"critical"},{"content":"The M token was listed for spot trading on Kraken on July 3, 2025, alongside simultaneous listings on Binance Alpha, Bitget, BingX, HTX and Hashkey. ZachXBT later flagged $7.9 million in alleged suspicious withdrawals from Kraken to 18 newly created wallet addresses, which collectively held approximately 11.7 million M, valued at about $39.8 million at the time of reporting in April 2026. According to his analysis, a wallet believed to be connected to the MemeCore team received 200 million M at the token generation event and routed a portion of them to Kraken deposit addresses, allegedly on the day of listing itself, before the tokens were dispersed across the 18 wallets; this raised the question of whether team members had advance exchange access or coordinated an exit alongside the listing. ZachXBT questioned how the token passed Kraken's due diligence. The allegations emerged close in time to Kraken's participation in 'Operation Atlantic', a law-enforcement-adjacent fraud recovery effort that reportedly froze over $12 million in criminal proceeds and identified over 20,000 potential victims; critics described the juxtaposition as contradictory. These findings have not been confirmed by any regulator or law enforcement agency.","heading":"Kraken Listing and Suspicious Withdrawal Patterns","sources":[{"url":"https://www.cryptotimes.io/2026/04/20/zachxbt-questions-kraken-listing-amid-7-9m-memecore-flows/","name":"ZachXBT Questions Kraken Listing Amid $7.9M Memecore Flows - CryptoTimes","type":"news_article","credibility":2},{"url":"https://cryptonews.net/news/security/32735794/","name":"ZachXBT calls out Kraken, accusing the exchange of poor due diligence for listing Memecore ($M) - CryptoNews.net","type":"news_article","credibility":2},{"url":"https://www.kucoin.com/news/flash/kraken-faces-scrutiny-over-memecore-listing-amid-fraud-fighting-collaboration","name":"Kraken Faces Scrutiny Over Memecore Listing Amid Fraud-Fighting Collaboration - KuCoin","type":"news_article","credibility":2},{"url":"https://coinedition.com/kraken-under-scrutiny-as-zachxbt-flags-memecore-flows/","name":"Kraken Under Scrutiny as ZachXBT Flags Memecore Flows - CoinEdition","type":"news_article","credibility":2},{"url":"https://www.cryptonewsz.com/zachxbt-suspicious-memecore-withdrawal-kraken/","name":"ZachXBT Flags Suspicious MemeCore Withdrawals on Kraken - CryptoNewsZ","type":"news_article","credibility":2},{"url":"https://chainwire.org/2025/07/04/memecore-announces-m-token-listing-on-major-centralized-exchanges/","name":"MemeCore Announces $M Token Listing on Major Centralized Exchanges - Chainwire","type":"news_article","credibility":2},{"url":"https://www.prnewswire.com/news-releases/memecore-announces-m-token-listing-on-major-centralized-exchanges-302498169.html","name":"MemeCore Announces $M Token Listing on Major Centralized Exchanges - PR Newswire","type":"official","credibility":2},{"url":"https://crypto.news/zachxbt-presses-memecore-over-6b-valuation-and-token-supply-concentration/","name":"ZachXBT presses MemeCore over $6B valuation and token supply concentration - Crypto.news","type":"news_article","credibility":2},{"url":"https://www.ccn.com/news/crypto/zachxbt-memecore-m-token-crash-binance-bybit-listing/","name":"ZachXBT Calls Out MemeCore After M Token Crashes 75%, Demands Answers From Binance and Bybit — CCN","type":"news_article","credibility":2}],"severity":"critical"},{"content":"Sources disagree on MemeCore's total supply: MemeCore documentation and IQ.wiki give a maximum supply of 10 billion, CryptoRank gives 5.35 billion, and other reporting gives 5.38 billion; the discrepancy has not been reconciled in public project materials. The documented allocation is 58% community, 15% foundation, 13% core contributors, 12% investors and 2% meme treasury, while published breakdowns cited elsewhere show 25% assigned to foundation, contributors and investors, with limited vesting detail. CoinMarketCap listed roughly 1.3 billion tokens (about 1.31 billion per other reporting) in circulation, but independent on-chain estimates cited by CryptoTicker and CryptoTimes put the freely tradeable float as low as 230 million, and ZachXBT estimated effective free-float liquidity at about $4 million. Analysts said the project declined to publish complete burn data, unlock schedules or wallet-level distribution reports. Before the June 2026 collapse, M carried a market capitalization above $5.5 billion and a fully diluted valuation of about $14-18 billion, while 24-hour volume reportedly struggled to exceed $30 million; during the April 2026 rally the volume-to-market-cap ratio was about 0.32%, with daily volume of roughly $21-30 million against a $5-7 billion market cap. Total DEX liquidity was reported at under $100,000 according to Dexscreener data, and no single BSC transfer of M exceeded $50,000 in the two weeks before the June crash, meaning the valuation rested almost entirely on centralized-exchange price discovery. Analysts described this as a 'ghost market cap' enabled by the alleged concentration of tokens in insider wallets not actively trading.","heading":"Tokenomics, Float and Liquidity","sources":[{"url":"https://docs.memecore.com/","name":"MemeCore official documentation","type":"official","credibility":2},{"url":"https://iq.wiki/wiki/memecore","name":"Memecore - IQ.wiki","type":"other","credibility":2},{"url":"https://cryptorank.io/ico/memecore","name":"MemeCore (M) Funding Rounds, Token Sale Review and Tokenomics Analysis - CryptoRank","type":"research","credibility":2},{"url":"https://cryptoticker.io/en/memecore-m-insider-supply-scandal-analysis/","name":"MemeCore (M) Under Fire as Onchain Probe Reveals 90% Insider Control - CryptoTicker","type":"news_article","credibility":2},{"url":"https://crypto.news/zachxbt-presses-memecore-over-6b-valuation-and-token-supply-concentration/","name":"ZachXBT presses MemeCore over $6B valuation and token supply concentration - Crypto.news","type":"news_article","credibility":2},{"url":"https://crypto.news/humanity-protocol-tops-gains-as-memecores-insider-heavy-float-buckles/","name":"Humanity Protocol tops gains as MemeCore's insider-heavy float buckles - Crypto.news","type":"news_article","credibility":2},{"url":"https://cryip.co/memecore-m-token-crash-zachxbt-insider-supply-warnings/","name":"MemeCore's M Token Plunges 76% After ZachXBT's Insider Supply Warnings Resurface — Cryip","type":"news_article","credibility":3}],"severity":"high"},{"content":"After listing in July 2025, M reached a reported high of about $1.15 on August 30, 2025, a 2,400% increase from its listing price. It rallied about 94.6% in the 30 days before April 19, 2026, reaching an all-time high of about $4.65 on April 18, 2026 with a market cap near $6-7 billion, then fell 27.6% to about $3.20 in a single session on April 19, erasing over $2 billion in reported market value; the drawdown coincided with ZachXBT's public challenge. On May 5, 2026 the token rose about 28% in 24 hours despite the unresolved allegations. On June 25, 2026, M fell approximately 74-80% within 24 hours, from a recent high of about $2.92 to an intraday low of $0.50-$0.51, trading near $0.68-$0.74 at the time of reporting. The collapse erased about $3 billion in market capitalization, taking it from about $3.5-3.8 billion to below $1 billion and dropping its rank to roughly 55th-72nd. Reported trading volume during the crash was about $21-30 million, while the wider crypto market fell only 1.64%. No exploit, hack or official announcement was identified as a catalyst.","heading":"Price Volatility and June 2026 Collapse","sources":[{"url":"https://cryptoadventure.com/memecore-crashes-75-as-zachxbt-questions-exchange-listings/","name":"MemeCore Crashes 75% As ZachXBT Questions Exchange Listings — CryptoAdventure","type":"news_article","credibility":2},{"url":"https://blockchainmagazine.net/breaking-m-plunges-2026-04-19/","name":"BREAKING: MemeCore (M) Crashes 27.6% To $3.20 In Major Selloff - BlockchainMagazine","type":"news_article","credibility":2},{"url":"https://www.cryptotimes.io/2026/05/05/memecore-pumps-28-in-24-hours-zachxbts-alarm-bells-ignored/","name":"Memecore Pumps 28% in 24 Hours - ZachXBT's Alarm Bells Ignored - CryptoTimes","type":"news_article","credibility":2},{"url":"https://blockchain.news/news/memecore-token-zachxbt-insider-holdings-scrutiny","name":"MemeCore Token Faces ZachXBT Scrutiny Over 90% Insider Holdings Claim - Blockchain.news","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2026/06/25/memecore-s-m-token-suddenly-crashes-80-with-no-clear-trigger","name":"MemeCore's M token suddenly crashes 80% with no clear trigger — CoinDesk","type":"news_article","credibility":1},{"url":"https://finance.yahoo.com/markets/crypto/articles/memecore-token-drops-below-1-080743504.html","name":"MemeCore Token Drops Below $1 Billion Market Cap After 76% Crash — Yahoo Finance","type":"news_article","credibility":2},{"url":"https://invezz.com/pk/news/2026/06/25/memecore-sheds-nearly-dollar3-billion-in-value-as-m-token-collapses-76percent/","name":"MemeCore sheds nearly $3 billion in value as M token collapses 76% — Invezz","type":"news_article","credibility":2},{"url":"https://cryip.co/memecore-m-token-crash-zachxbt-insider-supply-warnings/","name":"MemeCore's M Token Plunges 76% After ZachXBT's Insider Supply Warnings Resurface — Cryip","type":"news_article","credibility":3}],"severity":"critical"},{"content":"ZachXBT's scrutiny of MemeCore was reportedly prompted in part by the collapse of RaveDAO (RAVE), which he investigated in April 2026. RAVE peaked near $28 in April 2026 after a surge of about 11,000% from under $0.25; after ZachXBT reported that insiders controlled over 95% of its supply, and a single multisig wallet moved millions of tokens to exchanges, it collapsed by about 95%. Reports differ on the speed and scale: one account says within 24 hours, wiping about $6.7 billion in reported value and triggering over $40 million in futures liquidations, while others say under 48 hours and about $6 billion. Analysts identified shared warning signs in MemeCore: extreme supply concentration, a thin free float, high leveraged long interest as measured by futures funding rates, InfoFi-driven marketing, multi-billion dollar CEX-supported valuations and near-zero DEX liquidity.","heading":"Comparison to RaveDAO (RAVE)","sources":[{"url":"https://www.cryptotimes.io/2026/04/20/zachxbt-scrutinizes-memecores-insider-heavy-supply-after-ravedao-crash/","name":"ZachXBT Scrutinizes MemeCore's Insider-Heavy Supply After RaveDAO Crash - CryptoTimes","type":"news_article","credibility":2},{"url":"https://cryptoticker.io/en/memecore-m-insider-supply-scandal-analysis/","name":"MemeCore (M) Under Fire as Onchain Probe Reveals 90% Insider Control - CryptoTicker","type":"news_article","credibility":2},{"url":"https://blockchain.news/news/memecore-token-zachxbt-insider-holdings-scrutiny","name":"MemeCore Token Faces ZachXBT Scrutiny Over 90% Insider Holdings Claim - Blockchain.news","type":"news_article","credibility":2}],"severity":"high"},{"content":"Binance and Bybit listed M for perpetual futures trading. After the June 25, 2026 collapse, ZachXBT wrote: 'I ask the community to demand answers from Binance & Bybit about why M was listed for perps and why Kraken & Bitget listed M spot as these highly manipulated tokens continue to give our industry a bad reputation.' No exchange had publicly responded as of the time of reporting. Kraken's response to the April 2026 warnings was characterized as a general statement about its commitment to client protection and compliance that did not address the specific allegations; earlier reporting said Kraken had not publicly addressed them as of May 2026.","heading":"Exchange Due Diligence Concerns","sources":[{"url":"https://www.ccn.com/news/crypto/zachxbt-memecore-m-token-crash-binance-bybit-listing/","name":"ZachXBT Calls Out MemeCore After M Token Crashes 75%, Demands Answers From Binance and Bybit — CCN","type":"news_article","credibility":2},{"url":"https://cryptoadventure.com/memecore-crashes-75-as-zachxbt-questions-exchange-listings/","name":"MemeCore Crashes 75% As ZachXBT Questions Exchange Listings — CryptoAdventure","type":"news_article","credibility":2},{"url":"https://www.prnewswire.com/news-releases/memecore-announces-m-token-listing-on-major-centralized-exchanges-302498169.html","name":"MemeCore Announces $M Token Listing on Major Centralized Exchanges - PR Newswire","type":"official","credibility":2},{"url":"https://www.kucoin.com/news/flash/kraken-faces-scrutiny-over-memecore-listing-amid-fraud-fighting-collaboration","name":"Kraken Faces Scrutiny Over Memecore Listing Amid Fraud-Fighting Collaboration - KuCoin","type":"news_article","credibility":2}],"severity":"high"},{"content":"MemeCore's documented response to ZachXBT's April 2026 challenge was a sarcastic post on X, 'Officially recognized on @ZachXBT! We're just getting started,' with the announcement of a $100,000-in-$M prize pool contest; no point-by-point rebuttal or on-chain transparency report followed. As of June 25, 2026, MemeCore had issued no public statement addressing the price collapse, the allegations or the on-chain findings, and did not respond to CoinDesk's request for comment. Several outlets noted the absence of official communication after the multi-billion dollar value loss.","heading":"Team Responses","sources":[{"url":"https://www.cryptotimes.io/2026/04/20/zachxbt-scrutinizes-memecores-insider-heavy-supply-after-ravedao-crash/","name":"ZachXBT Scrutinizes MemeCore's Insider-Heavy Supply After RaveDAO Crash - CryptoTimes","type":"news_article","credibility":2},{"url":"https://crypto.news/zachxbt-presses-memecore-over-6b-valuation-and-token-supply-concentration/","name":"ZachXBT presses MemeCore over $6B valuation and token supply concentration - Crypto.news","type":"news_article","credibility":2},{"url":"https://www.coindesk.com/markets/2026/06/25/memecore-s-m-token-suddenly-crashes-80-with-no-clear-trigger","name":"MemeCore's M token suddenly crashes 80% with no clear trigger — CoinDesk","type":"news_article","credibility":1},{"url":"https://finance.yahoo.com/markets/crypto/articles/memecore-token-drops-below-1-080743504.html","name":"MemeCore Token Drops Below $1 Billion Market Cap After 76% Crash — Yahoo Finance","type":"news_article","credibility":2}],"severity":"high"},{"content":"CertiK completed two smart contract audits for MemeCore, the most recent finalized on May 19, 2025. It identified 16 findings: zero critical, one major (a design issue, acknowledged but not resolved), two medium (resolved), seven minor (resolved) and four informational (resolved). Two centralization findings on upgrade privileges and privilege escalation were only partially resolved. CertiK Skynet gives MemeCore a security score of 88.12 and an AA rating, a code-level score that does not reflect the supply concentration and governance concerns above. CertiK rated governance strength at 20%, noted the team had not completed its identity verification, and noted that the contracts include mint functions and owner privilege capabilities.","heading":"Security Audit Findings","sources":[{"url":"https://skynet.certik.com/projects/memecore","name":"MemeCore - CertiK Skynet Project Insight","type":"research","credibility":2}],"severity":"medium"},{"content":"No enforcement action by the SEC, CFTC, DOJ or another financial regulator against MemeCore or its principals, and no lawsuit or court filing, had been identified in the sources reviewed. An SEC staff statement of February 27, 2025 said that meme coins meeting a certain definition are generally not securities subject to registration, which may give some cover to M, but it does not preclude actions based on fraud, market manipulation or other non-securities theories.","heading":"Regulatory Context","sources":[{"url":"https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins","name":"SEC Staff Statement on Meme Coins - SEC.gov","type":"regulatory","credibility":1},{"url":"https://www.wilmerhale.com/en/insights/client-alerts/20250313-the-state-of-meme-coin-regulation-sec-staffs-statement-and-other-considerations","name":"The State of Meme Coin Regulation - WilmerHale","type":"research","credibility":1}],"severity":"low"}],"timeline":[{"date":"2024","event":"MemeCore project founded by Jun Ahn; development begins","source":"Bitget Academy / IQ.wiki","source_url":"https://www.bitget.com/academy/what-is-memecore-m-and-how-does-it-work"},{"date":"2025-02","event":"MemeCore mainnet launches with Proof of Meme (PoM) consensus","source":"CoinMarketCap / The Block","source_url":"https://coinmarketcap.com/cmc-ai/memecore/latest-updates/"},{"date":"2025-03","event":"MemeCore Foundation announces strategic investment from IBC Group, Waterdrip Capital, AC Capital, CatcherVC, K300 Ventures, WAGMI Ventures and Click Capital; amount undisclosed","source":"Marketers Media / CoinLaw","source_url":"https://news.marketersmedia.com/memecore-secures-strategic-venture-investment-to-accelerate-blockchain-innovation-and-ecosystem-expansion/89156268"},{"date":"2025-05","event":"CertiK completes its most recent audit of MemeCore: 16 findings including 1 unresolved major design issue and 2 partially resolved centralization findings","source":"CertiK Skynet","source_url":"https://skynet.certik.com/projects/memecore"},{"date":"2025-07","event":"M lists for spot trading on Binance Alpha, Kraken, Bitget, BingX, HTX and Hashkey","source":"PR Newswire / Chainwire","source_url":"https://www.prnewswire.com/news-releases/memecore-announces-m-token-listing-on-major-centralized-exchanges-302498169.html"},{"date":"2025-07","event":"Second strategic funding round finalized with investment from Klein Labs","source":"CryptoRank","source_url":"https://cryptorank.io/ico/memecore"},{"date":"2025-08","event":"M reaches a reported high of about $1.15, a 2,400% increase from its listing price","source":"CryptoAdventure","source_url":"https://cryptoadventure.com/memecore-crashes-75-as-zachxbt-questions-exchange-listings/"},{"date":"2025-09","event":"The Block carries MemeCore's press release announcing its Layer 1 blockchain to structure the meme coin economy","source":"The Block","source_url":"https://www.theblock.co/press-releases/369977/memecore-launches-layer-1-blockchain-to-structure-the-meme-coin-economy"},{"date":"2026-03","event":"According to CryptoRank, ZachXBT publishes initial allegations questioning the $6B market cap and alleged 90%+ insider supply; M falls about 8% (other reporting dates the challenge to April 2026)","source":"CryptoRank","source_url":"https://cryptorank.io/news/feed/9588b-zachxbt-memecore-insider-supply-allegations"},{"date":"2026-04","event":"M reaches an all-time high of about $4.65; market cap peaks near $6-7 billion","source":"BlockchainMagazine","source_url":"https://blockchainmagazine.net/breaking-m-plunges-2026-04-19/"},{"date":"2026-04","event":"M falls 27.6% to about $3.20 in a single session, erasing over $2 billion in reported market value","source":"BlockchainMagazine","source_url":"https://blockchainmagazine.net/breaking-m-plunges-2026-04-19/"},{"date":"2026-04","event":"ZachXBT publicly challenges MemeCore on X to justify its $6B market cap and explain why insiders allegedly hold over 90% of supply; flags it alongside SIREN, MYX, COAI, PIPPIN and RIVER","source":"ZachXBT on X / CoinTelegraph","source_url":"https://x.com/zachxbt/status/2046228647951101995?lang=en"},{"date":"2026-04","event":"MemeCore responds with a sarcastic post on X and a $100,000-in-$M prize pool contest; no on-chain transparency data provided","source":"CryptoTimes","source_url":"https://www.cryptotimes.io/2026/04/20/zachxbt-scrutinizes-memecores-insider-heavy-supply-after-ravedao-crash/"},{"date":"2026-04","event":"ZachXBT flags $7.9 million in alleged suspicious Kraken withdrawals to 18 newly created wallets holding about 11.7 million M (about $39.8 million), linked to suspected team addresses, and questions Kraken's due diligence","source":"CryptoTimes / 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