MemeCore (M) Exchange

About MemeCore

M is the native token of MemeCore, a Layer 1 blockchain designed to sustain the meme coin economy by providing developer infrastructure for launching tokens and building meme-native applications. MemeCore uses a Proof of Meme (PoM) consensus mechanism that ties on-chain validation to community engagement and meme-token delegation, differentiating it from standard proof-of-stake or proof-of-work chains. The project's thesis is that meme coins can evolve beyond short-lived speculative assets into persistent cultural economies. Kraken listed M for spot trading on July 3, 2025, and MemeCore's mainnet with Proof of Meme launched on September 9, 2025. On April 20, 2026 the on-chain investigator ZachXBT publicly questioned MemeCore's valuation and token supply distribution, and reports alleged that insiders hold more than 90% of the supply, which he had not proven with blockchain data at that time. In June 2026 he renewed his criticism and M fell about 75%, according to Yahoo Finance and Bitget. These are allegations, not findings.

M tokenomics

MemeCore's supply structure carries dilution potential. The maximum supply is 10 billion M tokens, of which about 2.28 billion circulated as of October 2026, so locked tokens will enter the market as vesting schedules complete.
Maximum supply — 10,000,000,000 M (10 billion)
Total supply — approximately 5.42 billion M as of October 2026, according to CoinStats
Circulating supply — approximately 2.28 billion M as of October 2026, according to CoinGecko
Market capitalization — approximately $2.3 billion as of October 2026, according to CoinGecko; the fully diluted valuation at the 10 billion maximum supply was about $5.5 billion
Unlocks — scheduled cliff unlocks continue; on October 2, 2026 about 56.11 million M (2.46% of circulating supply) were unlocked, according to CoinMarketCap
March 25, 2026 hardfork — an Account Abstraction hardfork went live on the network, according to CoinMarketCap
RewardTree hardfork — reduced block rewards from 112.5 M to 30 M per block, according to the MemeCore release notes

What determines M's value

M's price is driven by meme coin market sentiment, Layer 1 adoption, and the gap between circulating and total supply. After the March 2026 hardfork the token rose sharply, then fell about 75% by late June 2026 when ZachXBT renewed his criticism, which shows how fast sentiment can reverse.

Developer adoption of MemeCore's infrastructure for new token launches can create network effects: each new project built on MemeCore increases transaction volume, validator demand, and M utility as the gas asset. However, the gap between circulating supply (about 2.28 billion) and maximum supply (10 billion) means sustained demand must outpace token unlocks for the price to hold current levels.