MemeCore Gains 35.7% in a Week as Crypto Market Falls 3.2%

MemeCore’s native token gained 35.7% over seven days to $0.9666, while the broader crypto market fell 3.2% over the same span in an Oct. 26 snapshot. The price reading was recorded at 2:45 a.m. ET (06:45 UTC).

M’s 24-hour trading volume was $1.846 million, while its market capitalization stood at $2.216 billion. Daily volume was about 0.083% of market capitalization. The ratio compares turnover with the asset’s market value, but does not measure order-book depth or how much M could be traded near its quoted price.

One week earlier, on Oct. 19, M stood at $0.7218 after a 23% loss across the preceding seven days. An earlier story on MemeCore’s decline and transfer routes covered that period.

M is the native token of the MemeCore Layer 1 network and is used for transaction fees, staking and governance. Circulating supply stood at 2.291 billion M, about 22.9% of the 10 billion maximum supply. Its initial supply is 5 billion M, and the maximum supply is mined through block rewards.