What is ZachXBT accusing MemeCore of?

ZachXBT is questioning MemeCore’s valuation and token distribution, specifically asking why insiders may hold more than 90% of the M token supply. He is asking the project to provide evidence supporting its multibillion-dollar market cap. So far, these claims have not been proven.

Why is MemeCore’s valuation under scrutiny?

MemeCore’s valuation appears inconsistent across data platforms, with estimates ranging from about $4.3 billion to nearly $6 billion. ZachXBT is asking for clear data to justify this valuation. The lack of transparency raises concerns for investors.

What does “insiders holding 90% of supply” mean?

This refers to a situation where a small group, such as the team or early investors, controls most of the tokens. High concentration can increase the risk of price manipulation. However, there is no confirmed evidence this is the case for MemeCore.

What did blockchain data reveal about the M token?

Analytics from Bubblemaps showed large concentrations of tokens in a few wallets. One wallet alone reportedly held tens of millions of tokens. Analysts noted this could represent team allocations rather than coordinated manipulation.

Is there proof that MemeCore manipulated its token price?

No, there is currently no definitive proof of manipulation. ZachXBT has raised concerns but has not published conclusive onchain evidence. This remains an ongoing investigation.

How does the RAVE token collapse relate to MemeCore?

The RAVE token dropped over 90% after a rapid price surge, raising concerns about pump-and-dump activity. ZachXBT linked this event to broader patterns of suspicious token behaviour. MemeCore is now being examined in that wider context.

Why do token supply concentration issues matter for investors?

When supply is concentrated, large holders can influence price movements by buying or selling. This increases volatility and risk for retail investors. It also raises questions about fairness and transparency.

What risks should investors consider with tokens like M?

Key risks include lack of transparency, potential insider control, and extreme price volatility. These tokens may also lack strong fundamentals or real utility. Investors should treat such assets as high risk.

ZachXBT questions MemeCore valuation and token supply

Written by Heidi Cuthbert Published Apr. 21 2026Last Updated Apr. 21 2026

ZachXBT has publicly challenged MemeCore to justify the valuation and token distribution of its M token, raising concerns about potential insider concentration.

ZachXBT questioned the project’s reported multibillion-dollar valuation and asked for evidence supporting claims that insiders hold more than 90% of the token supply.

“Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply,”

He wrote on X.

Market data shows discrepancies across platforms, with CoinMarketCap valuing the token around $4.33 billion while CoinGecko placed it closer to $5.97 billion.

Blockchain analytics from Bubblemaps highlighted concentrated token holdings, though analysts said this may reflect team allocations rather than confirmed manipulation.

The scrutiny follows the collapse of the RAVE token, which fell more than 90% after a rapid price surge, prompting broader concerns about insider activity across multiple crypto projects.

While no definitive proof of insider control has been presented, ZachXBT said he will continue investigating token distribution and price activity across several high-profile tokens.