Memecore (M) jumped as much as 19% on Tuesday, Feb. 17, making it one of the crypto market’s top performers on the day – but experts aren’t sold on the token’s lofty valuation.
MemeCore, launched in 2025, is a Layer 1 blockchain designed to connect creators and communities through meme-native applications and decentralized apps (dApps). The token traded as high as $1.59 on Tuesday, but has since retraced to $1.45, down 3.5% over the past 24 hours.
The token’s market capitalization currently stands near $2.5 billion, while its fully diluted valuation is about $7.7 billion – down from $8.11 billion a day earlier, according to CoinGecko.
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