On-chain analyst ZachXBT increased pressure on MemeCore and publicly demanded an explanation for the project’s valuation and the structure of the M token’s supply. The reason was a sharp rise in the asset and suspicions of high token concentration among a limited group of addresses. The focus is on capitalization in the billions of dollars and actual liquidity.
Token Valuation Raises Questions
The analyst’s main point is the lack of transparent justification for the valuation. The project claims a capitalization in the $4–6 billion range and positions itself as a top-20 asset. However, there is still no clear data explaining such a value.
The wide range of valuations on different platforms increases doubts. This creates the impression that the price is driven not by fundamentals but by market dynamics.
Supply Concentration Increases Risk
The second key issue is token distribution. According to estimates, a significant portion of the supply may be held by insiders or related addresses. On-chain data shows a high concentration of large wallets.
This is not direct evidence of manipulation. But such a structure sharply increases the price’s vulnerability to sudden moves.
Liquidity May Not Match Valuation
High concentration changes the perception of capitalization. Formally, the token may be worth billions, but actual liquidity remains limited. In this case, the price is formed in a narrow market.
This creates an unstable model. With low sales volume, the price rises; when large holders exit, it quickly falls.
RAVE Crash Sets the Context
Interest in MemeCore intensified after the RAVE token crashed, which first grew several times over and then lost more than 90% of its value. This case became a trigger for a broader market analysis.
ZachXBT views such moves as a signal of possible problems with distribution and the behavior of large holders. As a result, other projects are also coming under scrutiny.
Meme Token Segment Under Pressure Again
The situation reflects a general trend. Meme tokens with high valuations and weak supply structures are attracting increased attention. Investors are starting to look not only at price but also at distribution.
This is changing the market. Rapid growth is no longer seen as an unambiguous sign of strength.
Exchanges and Analysts Increase Oversight
After recent events, major platforms have begun to more closely monitor the behavior of tokens with unstable dynamics. Analysts are actively studying wallet structures and fund flows.
This increases market transparency. But at the same time, it heightens reactions to any signs of risk.
MemeCore Has Not Responded Yet
At this time, the project has not provided a detailed explanation of its valuation and supply structure. This leaves room for market pressure.
In conditions of uncertainty, investors tend to assume a more cautious scenario. This may limit further growth.
What Comes Next?
How the situation develops depends on the team’s response. Transparency may reduce tension and stabilize the project’s perception. Lack of response will increase pressure.
At the same time, analysis of other tokens with similar structures will continue. This could lead to a broader reassessment of valuations in the segment. The situation has already gone beyond a single project. And that is what makes it important for the entire market.
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