On April 20, ZachXBT raised questions on how Kraken listed Memecore’s M token for spot trading on July 3, 2025, mentioning $7.9 million in suspicious withdrawals to 18 new wallets and a team wallet depositing 5.3 million M tokens on the exact listing day.
The on-chain investigator allegedly mentioned the price manipulation that increased the M’s market capitalization to $6 billion with $18 billion FDV.
Despite these serious allegations, M token’s price soared by around 3% in the last 24 hours after a recognition from Grayscale.
On April 20, a very popular on-chain sleuth, ZachXBT, raised serious questions on a very renowned cryptocurrency exchange, Kraken, that shook the entire crypto community. On April 20, ZachXBT raised questions about how the crypto exchange decided to list MemeCore’s M token for spot trading on July 3, 2025.
Why did Kraken list $M (Memecore) on July 3, 2025 for spot and how did it pass due diligence?
$7.9M in suspicious Kraken withdrawa
We współpracy z: https://www.cryptonewsz.com/zachxbt-suspicious-memecore-withdrawal-kraken/
