ZachXBT asks MemeCore to explain valuation and token supply

ZachXBT asks MemeCore to explain valuation and token supply

1.90%BTC$76,029 1.56%XLM$0.1732 2.20%TRX$0.3282 1.57%XMR$354.82 2.70%DOGE$0.09536 1.26%BCH$443.14 1.04%ADA$0.2489 1.48%BNB$630.47 1.57%ETH$2,324 1.14%SOL$85.95 0.88%HYPE$41.35 1.24%XRP$1.42 1.15%USD Written by Zoltan Vardai,Staff WriterReviewed by Bryan O'Shea,Staff EditorZachXBT asks MemeCore to explain valuation and token supply4 hours agoZachXBT challenged MemeCore to justify its valuation and explain what he claimed is insider-held supply, as the onchain sleuth widened a probe after the RAVE token’s collapse. Onchain investigator ZachXBT publicly challenged MemeCore on Monday to justify the valuation and supply distribution of its M token, asking the project to explain its market cap and why “insiders hold >90% of supply.” “Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold >90% of supply,” wrote ZachXBT in a Monday X response to Me

Source: https://cointelegraph.com/news/investigator-concentration-concerns-memecore?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound