The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M's price had been propped up by insiders. MemeCore’s M token plunged about 74 percent in 24 hours, wiping out nearly $3 billion in market value as its price fell from around $2.92 to about 74 cents. The sharp drop came on relatively thin trading volume of roughly $21 million and without any c…
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