MemeCore Explodes 3,700% — But Is A Collapse Around The Corner?

Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!

MemeCore’s native token M has raced from near-zero to headline-making highs in a matter of weeks, drawing both excitement and sharp warnings from market watchers.

MemeCore’s Meteoric Rise

According to reports, M hit a fresh all-time high of $1.69 Friday before easing back to $1.60, while 24-hour volume climbed past $53 million. At the time of writing, M was up 250% in the weekly timeframe, data from Coingecko shows.

That follows July lows near $0.036, a move that translates into roughly a 3,750% gain in about 90 days. Traders piled in quickly. A lot of money followed.

Market Moves Outpaced Fundamentals

Price action has been wild. Momentum indicators show parabolic behavior and the RSI has flashed extreme overbought readings, signaling the run may be stretched.

Based on technicals, the token has swept through resistance levels since mid-August and is trading in territory where a fast reversal is possible.

Some traders say M is being propelled by hype and big marketing plays more than by on-chain usage today.

Memecore price up in the last week. Source: Coingecko

Event-Driven Hype And Community Stunts

Reports have disclosed that MemeCore rented Seoul’s Lotte World for the final night of Korea Blockchain Week, an attention-grabbing move that pushed social interest higher.

The project pitches itself as the first Layer-1 built for meme culture and uses a Proof of Meme consensus model alongside community-focused tokenomics.

Those features have been shouted about in the community, and they help explain why momentum traders have shown up in force.

Total crypto market cap currently at $3.82 trillion. Chart: TradingView

Bulls Point To Network Story; Bears Point To Liquidity Risk

Supporters highlight the promise of a meme-driven economy as reasons for continued upside. If consolidation holds above $1, a push toward $2 is floated by optimistic traders.

But risks are clear. If $1 support gives way, liquidation cascades could accelerate downside toward $0.40–$0.50. Liquidity outside major centralized exchanges looks thin, and event-driven spikes can reverse quickly.