ZachXBT Questions MemeCore Token Concentration, Alleges Founder Bought TRUMP Tokens

MemeCore positions itself as a meme-coin ecosystem, and the market capitalization of its M token at one point exceeded $6 billion. On-chain investigator ZachXBT alleged that insiders control more than 90% of the circulating supply, creating a severe disconnect between the token's headline valuation and its actual tradable liquidity. Such concentration also leaves the price more vulnerable to manipulation by a small number of wallets.

ZachXBT recently called on MemeCore to explain its token supply and valuation, questioned why Kraken listed M, and flagged about $7.9 million in suspicious outflows. He also alleged that the founder made large purchases of the TRUMP token, launched in January 2025, possibly to seek political protection from future U.S. judicial investigations. M subsequently plunged about 80% in July 2026 without a clear trigger.