MemeCore's M token suddenly crashes 80% with no clear trigger
MemeCore's M token experienced a shocking 80% crash, plummeting from nearly $3 to $0.50, which resulted in a loss of nearly $3 billion in market value, all without any apparent cause or announcement. This sudden drop has raised alarms, especially considering previous warnings from onchain investigator ZachXBT who suggested the token's price was being artificially supported by insiders. This dramatic shift not only underscores the volatility of the crypto market but also highlights potential issues with transparency and regulation in digital asset trading.
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