M3M3
M3M3
Fraudulent Token
AI Analysis
Comprehensive evaluation of the token
M3M3 is an abandoned and defunct Solana-based token launched in December 2024. Shortly after deployment, insiders captured ~95% of the token supply across 150+ shadow wallets within 20 minutes, extracting an estimated $69 million in investor funds and causing a >99.95% collapse from its peak of $0.1866. Following the collapse, Meteora co-founder Benjamin Chow resigned in February 2025, and federal class-action lawsuits alleging securities fraud and civil RICO violations were filed in the S.D.N.Y. in April 2025. Development has completely ceased, the project is defunct and delisted across secondary venues, and the original staking prototype is non-operational. Data gaps exist for Active Development and Community Support as the project is completely abandoned, resulting in their exclusion from the weighted average score calculation.
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 M3M3 (M3M3)
M3M3 (M3M3) is an abandoned and defunct cryptocurrency on the Solana blockchain that launched in December 2024. The project was initially introduced as a gamified meme stake-to-earn prototype designed to integrate with Meteora's Dynamic Liquidity Market Maker (DLMM) pools, operating with a fixed supply of approximately 1 billion tokens. Following its collapse shortly after deployment, development has completely ceased, the original protocol is non-operational, and the asset has been delisted from secondary trading markets.
Within 20 minutes of deployment, the token experienced an insider extraction event where insiders allegedly coordinated more than 150 shadow wallets to acquire roughly 95% of the total supply. This event resulted in an estimated $69 million in investor losses and caused the token's price to collapse by more than 99.95% from its all-time high of $0.1866. The token had no verified smart contract audits prior to or following the incident.
In the aftermath of the collapse, Meteora co-founder Benjamin Chow resigned in February 2025. In April 2025, class-action lawsuits alleging federal securities fraud, civil RICO violations, and consumer protection breaches were filed in the U.S. District Court for the Southern District of New York. Although Meteora allocated 2% of its MET tokenomics toward an "M3M3 Plan" to partially compensate affected holders via snapshot allocations, the M3M3 token itself remains defunct with no active governance, community, or development.