MemeCore ($M) has surged into the spotlight, but for all the wrong reasons. While the token’s price action on the daily charts looks like a dream for bulls, a series of onchain investigations have pulled back the curtain on a troubling reality: extreme supply concentration.

Recent reports suggest that over 90% of MemeCore’s supplyis held by a tight cluster of insider wallets, creating what experts call a "ghost market cap."This structure mimics the architectural flaws seen in RaveDAO ($RAVE), which recently suffered a catastrophic 95% wipeout.

mimics market - MemeCore (M) Under Fire as Onchain Probe Reveals 90% Insider Control

What is a "Ghost Market Cap"?

The term "ghost market cap" refers to a project with a multi-billion dollar valuation on paper, but with very little actual liquidity or "free float" (tokens available for the public to trade).

mimics market - MemeCore (M) Under Fire as Onchain Probe Reveals 90% Insider Control

Should you Sell MemeCore TODAY?

If you are holding or considering M, these are the "red flag" signals to monitor:

  1. Wallet Movement:Sudden transfers from top-100 wallets to exchange deposit addresses.
  2. Liquidity Depth:If the "buy-side" orders on order books begin to thin out while the price stays high, a "liquidity rug" may be incoming.