MemeCore's M Token Falls 80% With No Exploit or Announcement to Explain It

A token that an on-chain investigator had earlier described as insider-supported lost close to $3 billion in market value in hours, with no public trigger.

The token known as M, issued by the MemeCore project, fell from nearly $3 to about $0.50 within hours, erasing close to $3 billion in market value, CoinDesk reported. There was no exploit, hack, or project announcement to account for the mo…