MemeCore Token M Falls 70% in One Week Amid Liquidity Concentration Concerns

M-6.23%
According to MarketWatch reporting on June 27, MemeCore's native token M fell 69.6% to $0.89 in the past week, with its market cap declining to $1.17 billion. On-chain data shows the top 8 wallet addresses hold 83.41% of total supply, with the top 4 controlling 66.86%. Crypto analyst ZachXBT criticized the MemeCore team on June 25, stating that retail investors lost funds due to token manipulation. Experts point to concentrated liquidity and derivatives-market-driven pricing as structural factors enabling the sharp decline.
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