MemeCore (M) has sent shockwaves across the meme coin category in the past month as it has been silently but steadily flipping big names like dogwifhat (WIF) and Fartcoin (FARTCOIN) as its market cap surpassed $1 billion.
In the past 24 hours, this token has jumped by 45% as a major supply shock appears to be unfolding. Meanwhile, M has generated gains of 255% in the past 7 days.
Trading volumes are relatively low, as only 10% of the token’s total supply is in circulation. Around $48 million worth of the token has exchanged hands in the past day, accounting for just 4% of the circulating market cap.
MemeCore has already surpassed its previous all-time high of $1.38 during today’s session and is nearing $1.5 in the futures market.
A total of $5 million worth of long positions have been wiped out in the past 24 hours, as per data from CoinGlass. This is a significant figure for a token with such low volumes and indicates a short squeeze in the making.
The crypto community seems to be expecting some major CEX listings shortly as the token jumps to the top of the rankings. Only Bitget has included MemeCore in its spot market thus far. If Binance, Kraken, Coinbase, Upbit, Bybit, and others follow, trading volumes could explode and the price could keep rising.
Big listings also raise awareness about projects, which could drive much higher interest in the MemeCore ecosystem and demand for its native asset. The utility token $M powers the MemeCoin ecosystem.
It is used to pay for this layer-one blockchain’s transaction fees, to compensate validators and delegators, and more. This creates several demand avenues for this token and could further fuel its rally.
MemeCore Could Drop to $0.90 Before Its Next Leg Up
The 4-hour chart shows a significant bullish breakout as $M rose above $0.90. Positive momentum has picked up its pace, and the token has tripled since it broke out above the $0.50 trend line resistance on August 29.
In this lower time frame, the Relative Strength Index (RSI) has already climbed to overbought levels and has also taken significant distance with the 200-period exponential moving average (EMA).
This increases the odds of a strong pullback as part of a normal reversion to the mean kind of move. If this happens in the next few days, we could witness a drop to the $0.90 area – former resistance now turned into support.
That could open up the door for late buyers to enter a long position in $M with the expectation that this project could become a major player in the launchpad market. The MemeX platform is a direct competitor to Solana-based solutions like Pump.fun and LetsBonk.
As this protocol operates in the MemeCore blockchain, it will drive higher demand for $M in the near term. As a result, this project could become the Hyperliquid for meme coins, which makes it the best meme coin to buy today.
Meanwhile, the best meme coins of this cycle may already be out there. One example is Maxi Doge ($MAXI), a token that has raised $1.8 million already through what is quickly becoming one of the most promising crypto presales of the year.
Maxi Doge ($MAXI) Could Be the Wildest Play as Altcoin Season Heats Up
Maxi Doge ($MAXI) is pure “up only” energy. Picture a Shiba Inu that’s slammed a case of energy drinks, refuses to see red candles, and thinks risk management is for boomers.
With the Maxi Fund, up to 25% of presale cash gets thrown into the hottest tokens of the cycle, powered by insane 1000X leverage to crank every move. That’s the juice fueling Maxi’s mission.
Maxi isn’t here to play safe – it’s here to roll the dice, bet heavy, and climb out of mom’s basement on the back of pure green candle vibes. No brakes. No stop-loss. Just full send.
To grab $MAXI and ride the madness, hit the official Maxi Doge website, connect your wallet (Best Wallet works fine), and swap USDT or ETH—or just ape in with a card.
