A potential big scam is going on with #MemeCore $M 🤨
Ghost chain.
$2.5B valuation. $10 in total transaction fees. 7 validators, all running the minimum 7M $M stake. 7 wallets controlling the entire network.
Geth fork.
Codebase is a rebranded Go-Ethereum clone. “Proof of Meme” is standard PoA/dPoS with 10-block rotation among the same 7 nodes farming 800k $ for day.
Empty orderbooks everywhere.
Spot depth is virtually zero. Perp orderbooks are just as thin in a 5-10% range. The price is being held up with no real liquidity behind it on either side.
83% of supply unaccounted for.
10B max supply. 1.7B circulating. No public unlock schedule for the remaining 8.3B tokens.
Manufactured volume.
MemeMax requires users to generate fees equal to 50% of their reward to withdraw. Forced activity to simulate usage on a dead chain.
DYOR.

Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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