ZachXBT targets MemeCore! Demands explanation for $6 billion market cap after discovering insiders hold 90%. Remember when RAVE crashed 92% in a single week? Everyone said the case was over—but ZachXBT clearly stated this was only the beginning, and the next target on his list is MemeCore, a token recently praised by Grayscale on X. On Monday, April 20, 2026, MemeCore posted celebrating its recognition by Grayscale, one of the world’s largest digital asset managers. But before the community could celebrate, ZachXBT replied directly to the same post, asking bluntly: “Provide just one piece of data supporting a $6 billion market cap as a top-20 token—and why do insiders hold over 90% of the supply?” Who is MemeCore? MemeCore markets itself as a Layer-1 blockchain built for the “Meme 2.0” era. It launched its mainnet in July 2025 and was listed for spot trading on Kraken on July 3, 2025. The big unanswered question: Why does a token with real app usage volume of just $66 million carry a $6 billion market cap—a 90x discrepancy? 1) On July 3, 2025—the day Kraken listed MemeCore—the wallet suspected to belong to the MemeCore team, which had received 200 million M since launch, transferred 5.3 million M directly to two Kraken deposit addresses on the same day. 2) Suspicious outflows: ZachXBT detected mysterious withdrawals of $7.9 million sent to 18 newly created wallets holding a combined 11.7 million M tokens—currently valued at approximately $39.8 million. 3) Inflated circulating supply: While CoinMarketCap and CoinGecko report 1.29 billion M in circulation, only about 230 million M have actually been unlocked—nearly six times less than reported. 4) The real figure: 99.6%—Insider control is estimated at approximately 99.6% of total supply, leaving just 0.1% (about 9.7 million M) for non-insiders, translating to a true free float with liquidity of only around $4 million. 5) Single wallet holds $178 million: Data from Bubblemaps shows wallet “0x8b8” holds 50 million M tokens, valued at approximately $178 million. 6) Official tokenomics vs reality: MemeCore claims distribution as follows: 58% to community, 15% to foundation, 13% to core contributors, 12% to investors, and 2% to Meme Treasury. According to this, insiders and supporters should hold only 40%—not 90%. This gap must be explained. 7) Kraken dragged into the equation: ZachXBT points to on-chain flows indicating that exchanges received M tokens as part of listing fees or liquidity agreements, labeling these exchanges as “co-conspirators” in manipulation. 8) MemeCore responds—ZachXBT strikes back harder: After MemeCore’s CEO publicly mocked ZachXBT, Zach threatened to report the MemeCore team to U.S. Immigration and Customs Enforcement (ICE). Watchlist to monitor next.ZachXBT also identified other coins exhibiting abnormal price action and currently under investigation: SIREN, MYX, COAI, M (MemeCore), PIPPIN, and RIVER—all displaying a similar pattern: sharp price surges on centralized exchanges accompanied by highly concentrated token distribution. RAVE serves as a stark lesson: its price rocketed from $0.25 to nearly $28 within days, then collapsed by 92% in a single week. Investors who bought at the peak had almost no chance to exit, and MemeCore’s structure bears an alarming resemblance. How is the community reacting? In the post where ZachXBT challenged MemeCore, most comments on X converged on the same view: a trading volume of just $66 million supporting a $6 billion market cap is a clear red flag for pump-and-dump activity. Many questioned how Kraken could have passed its due diligence process for listing such a token. Others argued that Grayscale, as an institutional player, should not endorse a token with such a low free float. Closing thoughts. ZachXBT emphasized clearly: “We’re just getting started.” This case has only just begun. His track record includes exposing over 100 cases in the crypto industry. If MemeCore fails to clarify its figures to align with its officially stated tokenomics, history may repeat itself—exactly as it did with RAVE. #MemeCore #ZachXBT #CryptoScam