A few hours ago the price of M (MemeCore) suddenly crashed >75% on centralized exchanges from $14B to $3.8B FDV falling outside of the top 25 tokens ranked by market cap.

Myself, Mlm, & Wazz previously highlighted a number of red flags on X about MemeCore with inorganic supply concentration and deceptive practices by its team to boost user numbers.

According to data on Arkham there's not been a single transfer >$50k onchain in 2+ weeks on BSC.

Dexscreener data indicates there's <$100K total liquidity onchain on BSC.

The community needs answers from Binance & Bybit about why M was listed for perps and why Kraken & Bitget listed M spot as these highly manipulated tokens continue to give our industry a bad reputation and extract from retail.