MemeCore’s M token plunges 76% in 24 hours amid renewed manipulation claims and thin liquidity

MemeCore’s M token dropped from nearly $2.92 to as low as $0.51 in a 24-hour span before stabilizing near $0.74, erasing about $3 billion in market value. The selloff happened on thin trading volume and there was no confirmed exploit, hack, or official announcement, while prior unverified allegations of insider manipulation and supply concentration resurfaced.
AI Analysis
A sudden 74% price collapse with billions wiped from market value is strongly bearish. The move occurred on thin volume and without a confirmed catalyst, making it highly relevant for short-term trading decisions in M token.