MemeCore
M
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MemeCore (M) is a Layer-1 Proof-of-Meme blockchain aimed at the meme economy, supported by a public team and multi-VC backing. While the project exhibits ongoing core development—including versioned releases, CVE patches, and a hardfork to adjust gas—it suffers from deep structural, tokenomic, and governance vulnerabilities. Governance is heavily centralized around just seven active validators with no functional on-chain DAO module. Tokenomics present severe downside risks due to a massive token unlock overhang exceeding 200% of circulating supply, high insider allocations, and extreme holder concentration where the top 100 wallets control 99.95% of supply. The network demonstrated acute liquidity fragility in June 2026 when the token crashed ~75% in a single session, erasing approximately $3 billion in market value. Security coverage is limited, with reliance on upstream Go-Ethereum audits rather than independent verification of MemeCore-specific modifications. No qualifying protocol exploits, delistings, or regulatory enforcement actions were established, but the high structural centralization and poor tokenomic design make it exceptionally risky.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MemeCore (M)
MemeCore (M) is a Layer-1 blockchain tailored for the meme economy, operating on a Proof-of-Meme (PoM) and Proof-of-Stake Authority (PoSA) consensus framework. The client implementation, Go-MemeCore (gmeme), is maintained by the MemeCore Foundation, and the token also maintains a BEP-20 representation on BNB Smart Chain. The native M token serves as the primary asset on the network, utilized for transaction gas fees, validator staking, delegation, governance, and ecosystem incentive rewards.
The project was established by a leadership team including CEO Jun Ahn and CBDO Cherry Hsu, with institutional backing from venture firms including IBC Group and Waterdrip Capital. MemeCore's tokenomics follow a dual-cap structure featuring an initial 5 billion token figure and a 10 billion maximum supply. Block reward emissions are adjusted through hardfork updates, such as the RewardTree schedule, alongside transaction fee-burning mechanisms.
The network has faced significant structural and market risks. On June 25, 2026, the M token experienced a severe price crash of approximately 75% in a single session—falling from $2.659 to an intraday low of $0.50 and erasing roughly $3 billion in market valuation. The crash was linked to structural liquidity vulnerabilities and drew public scrutiny from on-chain investigators regarding exchange listing standards. Additionally, the network displays high centralization with only seven active validators, no functional on-chain voting module, an unlock overhang exceeding 200% of the circulating supply across a 1,000-day vesting schedule, and heavy supply concentration where the top 100 addresses hold 99.95% of all tokens.