MemeCore (M) fluctuates 25.4% in 24 hours: ZachXBT questions internal supply concentration, triggers market volatility

Volatility Overview

In the past 24 hours, MemeCore (M) price hit a low of $3.00 and a high of $3.7629, with the current price at $3.5887, representing an overall fluctuation of 25.4%. The 24-hour trading volume was around $16.5 million to $30 million, higher than usual, indicating active funds but accompanied by high volatility.

Brief Analysis of Abnormal Movements

- In the past 6 hours, ZachXBT posted an audit highlighting MemeCore's insider-heavy supply and compared it with other suspected manipulated projects (such as RAVE), attracting market attention; the price at that time was $3.43, and the trading volume remained at $30 million.

- On-chain and community monitoring showed price up without volume during certain periods, accompanied by market maker (MM) funding rate squeezing short positions.

Market Views and Outlook

The prevailing community sentiment leans cautious and bearish. Several traders predict a "big crash" is imminent, emphasizing the high risk of low-volume price surges given the nearly $8 billion market cap and $24 billion FDV, and recommend waiting for short positions in liquidity zones; analysts such as ZachXBT have called for faster exchange intervention against manipulation, and volatility may continue in the short term.