MemeCore's M token crashes 80%, losing $3 billion in market value with no clear trigger

Summary

MemeCore's M token experienced a sudden and dramatic crash of approximately 80%, falling from nearly $3 to about $0.50 within hours, wiping out close to $3 billion in market value. The crash occurred with no clear trigger — no exploit, hack, or official announcement to explain it. Onchain investigator ZachXBT had previously warned in April that M's price was being artificially propped up by insiders, suggesting the crash may have been an inevitable correction of a manipulated market.

Source

bskyMemeCore's M token crashes 80%, losing $3 billion in market value with no clear triggercoindesk.com