$M (MemeCore) just took a historic nosedive!
In just a few hours, the price of $M plummeted over 75%, with FDV dropping from $14B to $3.8B, falling out of the Top 25 by market cap.
The supply is concentrated, liquidity is weak, and the actual volume is almost negligible, yet the revaluation is hitting billions.
A classic lesson in crypto: Don’t let a massive FDV fool you, keep an eye on liquidity and real cash flow.
In just a few hours, the price of $M plummeted over 75%, with FDV dropping from $14B to $3.8B, falling out of the Top 25 by market cap.
The supply is concentrated, liquidity is weak, and the actual volume is almost negligible, yet the revaluation is hitting billions.
A classic lesson in crypto: Don’t let a massive FDV fool you, keep an eye on liquidity and real cash flow.