ZachXBT once again accurately punctured the foam of MemeCore $M token valuation with a targeted tweet! He wrote, 'Officially recognized on @ ZachXBT! We're just getting started.'. Please provide a single data point to support your market value of 6 billion (top 20) and why Insiders holds over 90% of your holdings. ” This sentence hits the nail on the head and can be considered the most powerful questioning of the project party. As the most authoritative on chain detective in the cryptocurrency market, ZachXBT's statement is not groundless, but based on ironclad facts. MemeCore, as a Meme exclusive L1 public chain that will be launched in 2025, currently has a market value of about 6 billion yuan and claims to be the top 20, but it completely lacks fundamental support. The total supply is about 540 million to 1 billion, but the actual circulation supply is only 130 million to 180 million, and the circulation rate is astonishingly low. Even more deadly, on chain data shows that the team and insider associated wallets control over over 90% of the tokens. The project white paper claims that "community accounts for 58%", but in reality, the market control is highly concentrated, and the liquidity available to retail investors is extremely poor, making prices easily manipulated by a few large investors. This "high control disk+low circulation" structure is identical to the RAVE project previously exposed by ZachXBT. At that time, RAVE also relied on insiders to drive the market, skyrocketing from $60 million to a market value of $6 billion within 9 days, then 95% collapsed, with only $52 million remaining in 24-hour trading volume, and the market value of $6 billion evaporated instantly. $ The transaction mode of M is highly similar: Nansen and other on chain tools have shown its association with RAVE related wallets, and the price behavior is "highly suspicious". Faced with the challenge of ZachXBT, the project team has yet to come up with any "single data point" to explain why zero substantial TVL, zero real users, and pure meme storytelling can support the valuation of the top 20? The FDV (fully diluted valuation) is higher than 18.1 billion, and the foam is obvious. This is not innovation, but a classic pump and dump routine - first low circulation and high control stocks are pulled up, and then the stocks are smashed and shipped. Once retail retail investors chase high prices, they are likely to repeat the mistakes of RAVE, being trapped at high levels and watching their assets return to zero. ZachXBT said, 'We're just getting started,' and it's likely that more insider information will be revealed about on chain mining in the future. Coin industry veterans, please keep your eyes open: the risk of $M is extremely high, and it may collapse 95% at any time