[MemeCore Has Yet to Respond to Token Crash Sparking Community Dissatisfaction, ZachXBT Previously Questioned High Valuation Possibly Driven by Internal Funds] According to CoinDesk, MemeCore's ecosystem token M recently experienced a sharp decline, with its market cap evaporating by nearly $3 billion in a single day. The project has yet to issue a public response to the token crash, leading to dissatisfaction within the community. On-chain investigator ZachXBT previously raised concerns, suggesting that the high valuation of the M token might be driven by internal funds. The spot trading of M is primarily concentrated on a few trading platforms, with its market popularity partially stemming from token launch platform trading volumes and social media promotion activities incentivized by reward mechanisms. Market analysts believe that such high-valuation tokens, if supply is concentrated among internal holders, trading channels are limited, and actual buying demand is insufficient, may face rapid declines due to liquidity shortages when selling pressure arises.