BREAKING: MemeCore (M) Crashes 24.8% to $1.35 in Sharp Selloff
MemeCore (M), one of the largest meme-based cryptocurrencies, has crashed 24.8% to $1.35 in the past 24 hours, marking one of the steepest single-day declines for the top-40 digital asset.
Price Action and Market Impact
The token fell from an intraday high of $1.89 to a low of $1.31, with the current price settling at $1.35 as of 22:29 UTC on February 8, 2026. Trading volume surged to $15.23 million as investors rushed to exit positions during the downturn.
MemeCore’s market capitalization has been slashed by $783.18 million, dropping 25.2% to $2.32 billion. The project now ranks #36 by market cap among all cryptocurrencies, with 1.73 billion tokens in circulation from a total supply of 5.33 billion.
Extended Decline from All-Time High
Today’s crash extends MemeCore’s decline from its all-time high of $2.96 reached on September 18, 2025. The token is now down 54.9% from that peak, erasing months of gains that had propelled it into the top tier of meme cryptocurrencies.
The 30-day performance shows a 20.4% decline, indicating sustained selling pressure beyond today’s sharp drop. However, the 7-day chart shows relatively flat performance at -0.19%, suggesting the majority of damage occurred in the past 24 hours.
Market Context
The fully diluted valuation stands at $7.14 billion based on the maximum supply of 10 billion tokens. Despite today’s losses, MemeCore remains up 2,709% from its all-time low of $0.047 recorded on July 4, 2025.
Short-term momentum turned sharply negative with a 3.1% decline in the past hour alone, suggesting continued selling pressure as of the latest update.
What’s Next
Traders will be watching whether MemeCore can hold the $1.31 support level established during today’s selloff. A break below this level could trigger additional liquidations and accelerate the downtrend.
No official statement has been released by the MemeCore team regarding today’s price action. The project’s social media channels have not addressed the decline as of publication time.
This is a developing story. Updates will be posted as more information becomes available.
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