MemeCore's native token has staged a sharp recovery, climbing more than 100% over the past week and gaining 42% in the last 24 hours, after the project announced a strategic treasury buyback
MemeCore's native token has staged a sharp recovery, climbing more than 100% over the past week and gaining 42% in the last 24 hours, after the project announced a strategic treasury buyback program worth over $10 million.
The rally follows the launch of a structured buyback initiative designed to absorb selling pressure and signal confidence from the project team. The move comes at a critical moment for MemeCore, which operates a buyback program designed to use ecosystem revenue for token purchases, which may support post-dip recovery.
The broader crypto industry has been watching token buyback programs closely. In 2025, crypto protocols spent more than $1.4 billion repurchasing their own tokens, according to CoinGecko data, yet prices for many of those tokens remain flat or sharply lower, raising fresh doubts about how much buybacks really achieve. Whether MemeCore's program is large enough to have a lasting effect remains to be seen.
The rebound follows one of the more dramatic collapses in recent crypto market history. Memecore plunged roughly 85% intraday, erasing around $2.7 billion in market value, with long liquidations accounting for $8.26 million out of the total $9.27 million liquidated.
The decline unfolded without any official announcement or confirmed exploit from the project team. Instead, the sell-off sparked unverified insider manipulation allegations, with market observers pointing to concentrated token ownership and limited liquidity as factors that may have amplified the decline. Those claims remained unverified.
The crash renewed attention on warnings made months earlier by on-chain investigator @zachxbt. ZachXBT alleged that project insiders had manipulated the price to manufacture a $6 billion market capitalization and an $18 billion fully diluted valuation.He flagged approximately $7.9 million in suspicious withdrawals from Kraken to 18 newly created wallets, and claimed a wallet linked to the MemeCore team received 200 million M tokens at launch before transferring millions of them to Kraken deposit addresses. Those allegations have not been independently confirmed.
MemeCore is a Layer 1 blockchain designed to serve as the foundational infrastructure for the Meme 2.0 economy, with the platform providing a dedicated environment for creators and developers to launch meme-centric projects with native cultural incentive models. Whether the $10 million buyback program is enough to restore confidence after such a severe drawdown is the question now facing the market.
This article is for informational purposes only and does not constitute financial advice.
Sources:CoinPedia: Memecore Price Crash Wipes Out $2.7 Billion As Long Liquidations ExplodeCrypto.news: MemeCore Crashes 75% as ZachXBT Revives Manipulation ClaimsThe Block: Why Token Buybacks Are Suddenly Back in Focus
