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ZachXBT questions the basis of MemeCore's market capitalization and the token holding structure

MeNews
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Abstract generation in progress
ME News Report, April 20 (UTC+8), ZachXBT posted questioning MemeCore's claim of receiving official recognition from Grayscale, demanding supporting data for a market cap of approximately $6 billion (ranking in the top 20 tokens), and explaining why insiders hold over 90% of the supply. ZachXBT also pointed out manipulation signs in tokens like RAVE on centralized exchanges, noting that RAVE entered the top 15 by market cap within 10 days, then dropped 95% within hours. He mentioned that projects exhibiting similar price behaviors include SIREN, MYX, COAI, M, PIPPIN, and RIVER. (Source: MLion)
M-3.15%
RAVE-17.26%
SIREN-1.66%
MYX-8.36%
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