How the MemeCore Crypto Crashed 71% This Week
Key Points
MemeCore's token price fell from $3 to $0.50 in less than 30 minutes on Wednesday evening.
Low trading volume and concentrated insider ownership made MemeCore vulnerable to sudden crashes.
No clear catalyst triggered the crash; thin liquidity did most of the damage.
- 10 stocks we like better than MemeCore ›
The MemeCore (CRYPTO: M) cryptocurrency plunged this week, according to data from S&P Global Market Intelligence. From last Friday's market close to 11 a.m. ET on June 26, the meme coin platform lost 70.8% of its total market value. After the plunge, MemeCore's market cap stands at $1.1 billion.
The price fell from $3 to $0.50 per token between 8:30 p.m. ET and 9:00 p.m. ET on Wednesday evening, highlighting the risks of thinly traded assets with limited liquidity.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Warning signs were hiding in plain sight
Crypto analysts called MemeCore a risky cryptocurrency before this sudden crash.
Most of the supply is held by a handful of insiders. The token was added to major crypto exchanges such as Kraken despite a history of suspicious insider trading. And, of course, it's hard to trust a cryptocurrency specifically designed to mint valueless meme coins. The market cap sat near $3 billion at the start of this week, but trading volume was low.
It's unclear what started the price drop on Wednesday. With minimal active bidding, it didn't take much to consume MemeCore's available market liquidity.
Image source: Getty Images.
MemeCore is a risky bet on meme coin mania
MemeCore set out to be the go-to platform for minting meme coins, which is kind of like aspiring to be the world's finest maker of whoopee cushions. There's a market for it, sure, but it's a novelty item. This week's crash may have corrected some of that overvaluation, though at $1.1 billion, skeptics would argue there's still a long way to fall. On top of that, MemeCore adds more risk with limited trading volume, just a handful of crypto exchanges offering the token, and allegations of insider-driven market price manipulation.
If you're holding MemeCore today, I hope it's just a handful of tokens in the speculative corner of your portfolio. It's betting that meme culture and speculative crypto enthusiasm will stick around long enough for a rebound -- and that MemeCore can stave off larger, multi-talented rivals like Solana (CRYPTO: SOL) and Ethereum (CRYPTO: ETH).
That's not exactly a thesis you'd want to stake your retirement on.
Should you buy stock in MemeCore right now?
Before you buy stock in MemeCore, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and MemeCore wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $382,359!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,201,390!*
Now, it’s worth noting Stock Advisor’s total average return is 883% — a market-crushing outperformance compared to 205% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of June 26, 2026.
Anders Bylund has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum and Solana. The Motley Fool has a disclosure policy.
Recommended Articles
