BREAKING: MemeCore (M) Crashes 23.4% to $1.37 in Sharp Selloff
MemeCore (M) has plunged 23.4% in the past 24 hours, dropping to $1.37 as of 21:59 UTC on February 8, 2026, according to live market data.
The sharp decline has wiped $780.9 million from MemeCore’s market capitalization, which now stands at $2.31 billion. The token, currently ranked #36 by market cap, experienced its 24-hour low at $1.31 before a modest recovery.
Price Action and Trading Volume
MemeCore opened the 24-hour period at approximately $1.79 and reached a high of $1.89 before the selloff intensified. The token is now trading 53.8% below its all-time high of $2.96, reached on September 18, 2025.
Trading volume surged to $14.97 million over the past 24 hours as investors reacted to the price movement. Despite the steep decline, MemeCore showed a 4.3% recovery in the last hour, suggesting potential stabilization.
Market Cap Impact
The market cap decline of 25.2% in 24 hours represents one of the steepest drops among top-40 cryptocurrencies. With 1.73 billion tokens in circulation out of a total supply of 5.33 billion, MemeCore’s fully diluted valuation has fallen to $7.12 billion.
Recent Performance Context
The 24-hour plunge follows a challenging 30-day period for MemeCore, which has declined 17.6% over the past month. However, the token posted a 1.5% gain over the past seven days before today’s sharp correction.
Since its all-time low of $0.047 on July 4, 2025, MemeCore had surged over 2,676% before the recent selloff began.
What This Means
The dramatic price movement highlights the volatility inherent in meme-based cryptocurrencies. With a maximum supply of 10 billion tokens and only 17.3% currently in circulation, future token unlocks could present additional selling pressure.
Market participants are closely monitoring whether the $1.31 level will hold as support or if further declines are ahead. The token’s recovery in the past hour may indicate bargain hunters entering the market, though caution remains warranted.
This is a developing story. Market data current as of February 8, 2026, 21:59 UTC.
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