Key Takeaways:
Memecore (M) plummeted 15.9% to a $3.43 low on Tuesday, erasing nearly $1 billion in market capitalization. ZachXBT’s scrutiny of M and Kraken’s listing sparked fears of a RaveDAO-style collapse. Investors now watch if M will recover or become the next major dump after its 7,200% surge since July 4, 2025. Memecore Market Cap ErasedWhile M’s monthly gains are markedly lower than those of RAVE, which exceeded 10,000% at one point, the token is up 7,200% since July 4, 2025. Meanwhile, some social media users are speculating whether M will become the latest token to “dump” just days after hitting a new all-time high.
