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MemeCore Market Cap Nears $1 Billion Again—But Warning Signals Emerge
MemeCore Market Cap Nears $1 Billion Again—But Warning Signals Emerge
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BTCCSquare news:
MemeCore's market capitalization approaches the $1 billion mark once more, yet underlying metrics suggest caution. The current rally lacks the robust trading volume that characterized July's surge, indicating weaker on-chain demand.
Daily transactions remain subdued compared to previous peaks, raising concerns about the sustainability of price momentum. With only 14% of total token supply in circulation, ongoing unlocks could exacerbate selling pressure if demand fails to keep pace.
The project faces a critical juncture—either attract substantial new capital or risk repeating the volatile boom-bust cycles typical of early-stage blockchain ventures.
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