MemeCore ($M) shocked the crypto market after its price collapsed by more than 75% in just 24 hours. The sudden decline erased billions from its valuation and left many asking what caused suc
MemeCore ($M) shocked the crypto market after its price collapsed by more than 75% in just 24 hours. The sudden decline erased billions from its valuation and left many asking what caused such a dramatic move. Fresh questions about token ownership, liquidity, and project transparency soon emerged. Those concerns now appear to be at the center of the discussion surrounding the MemeCore price crash.
Ash Crypto was among the well-known market commentators to point out several factors that may have contributed to the selloff. Wu Blockchain also reported on the sharp decline and noted growing scrutiny over the token’s ownership structure. Those reports, together with findings shared by blockchain investigator ZachXBT, have placed MemeCore under intense examination.
One of the biggest concerns involves claims about how much of the MemeCore supply is controlled by a relatively small group of wallets.
Ash Crypto wrote on X that reports indicated roughly 99% of the token supply could be held by insiders. Wu Blockchain also reported that questions had emerged over insiders allegedly controlling more than 90% of the supply. Neither figure has been officially confirmed by the MemeCore team. Both reports attributed the concerns to on-chain investigations and public discussions surrounding the project.
How many retail investors lost funds due to the MemeCore teams $M manipulation?You are not welcome in the US go back to your home country. Only let in the US because one of your parents is a foreign billionaire. Not a single person would miss you if you disappeared tomorrow… pic.twitter.com/unGk06xRz5
— ZachXBT (@zachxbt) June 25, 2026
Blockchain investigator ZachXBT also shared findings that pointed to a highly concentrated distribution among the largest wallets. Those observations increased concerns that only a limited number of holders could have a major influence on the MemeCore price if they decided to sell.
Such ownership concentration can create unusual market conditions. A token may rise quickly when only a small portion of its supply is actively available for trading. That same structure can work in the opposite direction if large holders begin selling because there may not be enough buy orders to absorb the pressure.
Read Also: The XRP Price Move We’ve Been Waiting For Is Here!
Another issue discussed by Ash Crypto involved liquidity. Ash Crypto noted that MemeCore’s fully diluted valuation briefly reached about $34.5 billion. He also claimed on chain liquidity stood near $100,000 even as the token maintained a market capitalization close to $900 million after the decline.
Another day, Another scam.MemeCore $M crashed -85% in the last 24 hours, wiping out $2.7 billion in market cap and liquidating $8 million in longs.Reasons:– According to reports, an estimated 99% of the supply is held by insiders, making the float smaller.– This makes it… pic.twitter.com/Zky9i92UWv
— Ash Crypto (@AshCrypto) June 25, 2026
Those figures have not been independently verified in this article. They were presented by Ash Crypto as part of his explanation for the collapse.
Low liquidity often makes crypto assets much more fragile during periods of heavy selling. A relatively modest sell order can push prices sharply lower because there are fewer buy orders available across trading pools. That effect becomes even stronger when a token has a very limited circulating float.
Ash Crypto also stated that roughly $8 million in long positions were liquidated during the selloff. Forced liquidations can add more selling pressure because exchanges automatically close leveraged positions once liquidation levels are reached.
Read Also: Peter Schiff Slams Bitcoin Again: “Cheap” Means Nothing Without Earnings or Yield
Another factor receiving attention is the project’s public response. MemeCore team has not addressed the sudden price collapse or publicly responded to allegations surrounding suspicious on chain withdrawals. That lack of communication left several important questions unanswered at a time when confidence was already weakening.
Broader market conditions may have added further pressure. Meme coins usually experience larger price swings than many established cryptocurrencies. Assets in that category often react more aggressively when investors become less willing to hold higher risk positions.
Yes, a meme coin can reach $1, but it is highly improbable for most due to the mathematical reality of market capitalization.
What is the memecore?In Web3, MemeCore is an EVM-compatible Layer 1 blockchain specifically designed to handle meme coins, moving them from pure speculation into what developers call “Meme 2.0”
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Here’s Why MemeCore ($M) Price Crashed 75% appeared first on CaptainAltcoin.
