Key Highlights
- MemeCore jumped ~24% in 24 hours, hitting $1.57 (now ~$1.47) with $1.86B market cap and $10M volume, ranking as the 38th largest project overall.
- M is the native token of a dedicated EVM-compatible Layer 1 blockchain focused on culture, governance, and sustainable on-chain value creation.
- The ongoing campaign helped MemeCore stand out in a capitulating, risk-off meme coin market weakened by Bitcoin’s struggles around $66K.
As the crypto landscape is witnessing a stiff downtrend, the meme coin sector is losing its edge and most are down significantly from their January highs. Amidst this, MemeCore (M), a renowned meme coin project, has gained notable traction.
As per CoinMarketCap data, MemeCore (M) reached $1.57, jumping 24% in the past 24 hours, with a decent volume of nearly $10 million. It has a market cap of $1.86 billion and is positioned as the 38th largest crypto project. At the time of publishing, the token was trading near $1.47.
The surge comes as MemeCore positions itself not just as another speculative token but as the native asset of a dedicated Layer 1 blockchain tailored for what developers call “Meme 2.0.” This approach is said to shift the meme coin beyond fleeting hype into tools for culture, governance, and on-chain value creation.
The project is also currently running a ‘Predict and Win’ campaign, which might be a factor behind the token’s price jump.
Broader meme coins segment
The wider meme coin category continues to face heavy pressure, with total market capitalization sliding $32.12 billion, which was once higher than $60 billion. Data shows the sector down around 34% over the past month, dropping drastically as many tokens erase gains from earlier in the year and trade well below January peaks.
Leaders like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen notable declines, while others in the top ranks have double-digit losses over shorter periods.
Santiment analysts highlighted capitulation signals, with trader narratives shifting toward viewing the space as exhausted or unlikely to recover soon amid broader crypto weakness. Bitcoin hovering near $65,000 has also amplified the risk-off mood, hitting meme coins hardest as liquidity tightens and speculative flows dry up.
Also read: Bitcoin and Ethereum Drive Crypto Ownership to 741M Globally
