Wu said he learned that ZachXBT questioned MemeCore’s claims that it had obtained official recognition from Grayscale, while also requiring it to provide data backing a supported market cap of about $6 billion (ranking among the top 20 tokens), and to explain the reasons insiders hold more than 90% of the supply. It also pointed out that tokens such as RAVE show signs of manipulation on centralized exchanges—having entered the top 15 by market cap within 10 days, then dropping 95% within a few hours. Projects with similar price behavior include SIREN, MYX, COAI, M, PIPPIN, and RIVER.