Why did Kraken list $M (Memecore) on July 3, 2025 for spot and how did it pass due diligence?

$7.9M in suspicious Kraken withdrawals to 18 newly created addresses with 11.7 $M sitting total (valued at $39.8M now).

Insiders have manipulated the price to $6B market cap ($18B FDV) and Kraken is one of the few venues that supports $M spot.

In recent posts the only achievement the team has shared is $66M total volume on a launchpad and thousands of “users” from its incentivized InfoFi campaigns.

Suspected Memecore team address 0x6f1f0a1ccc76d2d292249b19c19e401f0e843ba9 (received 200M M at TGE) sent 5.3M $M to Kraken deposit addresses on July 3, 2025 0xaa1f9fa46177aca98f5f433d88fe6d21d029c4a6 & 0x0ca854724259770a62dd623b6e9bce0151c79fa7

Kraken withdrawal addresses

0x4207e505c0dbab1e0d80a76a9ed42ef7b12bea17

0xba64b15f8afb9316b656ebdc19463786f33792d2

0x71dc4397b40055432be9f0e904681b151bec6eb0

0xacd7ec923efc5ff10ba1ddbe521b1a5536a1d70a

0x75ac45467d7df5bff47139af3887e408005ef637

0xfe28d786f007a5d5abd46e447e5758a20916a7d6

0x81475797b4b5d930a115ecd85a2c36cbc956a4f0

0x79d4411bba21289bb728f35221478e1b4eda1c96

0xdb0b0ab84b7e688db809379e8e8e70c020f7d0b2

0x94044c87aee7433725c13798816ab751ef6db9d7

0x7ca8c28c5e4e61c54ecf2631a43e37f88c589d61

0x067c40852576438c81b3649d8fec3d8d7ab27208

0xe2ef6d412a60a91af4e4f37db3efb6971099d98b

0x2c0365ef67c20cc9177e004b43a2d51ace28b5cb

0xaeee0e6b84e24431c1cf1424322e318debc67974

0x45039d2c98a3c7c1e2593dda1e77360e335c5aca

0x0b38bb1558f63c2b36382edd2385674b07697c59

0xff4cd9c291379a72e9efa3ee0f8e10ab51601575