Memecoin M Crashes 80% in One Hour After ZachXBT Flags Suspicious Price Action

Memecoin M (MEMECORE) crashed approximately 80% within one hour on the 25th after on-chain analyst ZachXBT flagged the project as having suspicious price movements. Between 9:30 AM and 10:30 AM, M's price fell from $2.619 to $0.53, a decline of roughly 79.8% according to CoinMarketCap data. ZachXBT had previously cited the RAVE case on April 20 via X, subsequently naming M alongside SIREN, MYX, PIPPIN, and RIVER as projects with questionable recent price action. The sharp drop has raised market concerns over liquidity structure and token distribution, echoing patterns seen in past mid-cap altcoin collapses including SIREN, RIVER, and RAVE.

ZachXBT Flags M and Four Other Projects on April 20

On April 20, ZachXBT posted on X referencing the RAVE case before identifying M, SIREN, MYX, PIPPIN, and RIVER as projects with suspicious recent price movements. The post included a request for data supporting market capitalization claims and raised concerns about insider token holdings exceeding 90% of supply. The embedded tweet displayed a timestamp of April 20, 2026.

Market Draws Comparisons to RAVE and Past Altcoin Crashes

Market observers noted similarities between M's crash and prior volatile episodes in mid-cap altcoins including SIREN, RIVER, and RAVE. RAVE's pattern of rapid gains followed by sharp declines has been highlighted as a reference point. Concerns over M's liquidity structure and token distribution have intensified following the price collapse.

No Official Statement Released; Causes Remain Unconfirmed

No official statement or specific cause for M's crash has been confirmed by the project team as of now. Market participants have speculated potential factors including large-scale sell-offs, reduced liquidity, and increased profit-taking activity, though precise circumstances require further verification.

FAQ

What caused M (MEMECORE) to crash 80% on the 25th?
M's price fell approximately 79.8% from $2.619 to $0.53 between 9:30 AM and 10:30 AM on the 25th after on-chain analyst ZachXBT flagged the project as having suspicious price movements on April 20. No official cause has been confirmed by the project team.

Which other projects did ZachXBT flag alongside M?
On April 20, ZachXBT identified SIREN, MYX, PIPPIN, and RIVER in addition to M as projects with questionable recent price action, following a reference to the RAVE case.

Has the M project team responded to the crash?
No official statement or response from the M project team has been confirmed as of now. Market speculation includes large sell-offs, liquidity reduction, and profit-taking, but precise causes remain unverified.