MemeCore’s native token M has raced from near-zero to headline-making highs in a matter of weeks, drawing both excitement and sharp warnings from market watchers.
MemeCore’s Meteoric Rise
According to reports, M hit a fresh all-time high of $1.69 Friday before easing back to $1.60, while 24-hour volume climbed past $53 million. At the time of writing, M was up 250% in the weekly timeframe, data from Coingecko shows.
That follows July lows near $0.036, a move that translates into roughly a 3,750% gain in about 90 days. Traders piled in quickly. A lot of money followed.
Market Moves Outpaced Fundamentals
Price action has been wild. Momentum indicators show parabolic behavior and the RSI has flashed extreme overbought readings, signaling the run may be stretched.
Based on technicals, the token has swept through resistance levels since mid-August and is trading in territory where a fast reversal is possible.
Some traders say M is being propelled by hype and big marketing p
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