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MemeCore ($M) surged 36% to $4.57 (~$5.8B mcap). Short squeeze + $100K prize pool vs ZachXBT FUD sparked momentum and trader activity.
Author: Arushi Garg
MemeCore (M) is trading at $4.57, up 36.0% in the past 24 hours, according to CoinGecko, as a derivatives-led rally and short squeeze gained force after community pushback against ZachXBT’s April 20 criticism. MemeCore is the first Layer-1 blockchain built as a playground for Meme 2.0, designed for meme coins, creators, communities, and DApps with viral reward mechanics.
This article is for informational purposes only and does not constitute financial advice.
MemeCore is moving higher because leverage flows, short liquidations, and a viral community response are driving the market, not a fresh protocol announcement. The research states that MemeCore did not announce a new upgrade, listing, or partnership in the past 24 hours. Instead, the catalyst traces back to April 20, 2026, when ZachXBT posted on X alleging that wallets tied to insiders controlled more than 90% of supply and questioning the project’s $6 billion-plus valuation. On the same day, the official @MemeCore_M account responded with a $100,000 in $M prize pool campaign that framed the criticism as fuel for community engagement.
Derivatives data supports that interpretation. CoinGlass shows $135.58 million in open interest and an OI-weighted funding rate near 0.0402%, which points to bullish leverage. The research also notes that short liquidations reached $321,000 in 24 hours, compared with $104,000 in long liquidations, confirming that the move carried clear short-squeeze characteristics. Secondary support came from broader meme-coin sector strength and continued narrative spillover from MemeCore’s recent hardfork, which cut gas fees 100x and activated Account Abstraction. [INTERNAL LINK: how meme coin short squeezes drive price spikes]
CoinGecko reports $25,777,635 in 24-hour trading volume, while CoinMarketCap places turnover slightly higher at $27.19 million, both well above typical baseline activity during quieter sessions. CoinGecko values MemeCore at $5,899,329,395, ranking it #20, while CoinMarketCap shows about $5.57 billion and rank #18. CoinGlass shows $135.58 million in perpetual futures open interest, reinforcing that derivatives activity is central to the move. Funding remains positive at about 0.0402%, according to CoinGlass, which indicates traders are still paying to maintain long exposure. Lookonchain, Intelligence, Whale Alert, and recent X scans did not flag notable whale transfers in the last 12 to 24 hours.
AlexanderXQ💎
@DIfezc70441
@mdlabibbiswas6 @MemeCore_M It is not about speed anymore, it is about direction. And this looks very intentional.
Hype might grab attention, but it’s consistency that builds a real community and @MemeCore_M is showing that clearly. They’re not just online noise. From hosting offline events to creative moves like Trump Dinner and AntsMaker, the focus stays on genuine participation and https://t.co/2CO6CSG0PN https://t.co/bYHa8mJ9JF
07:44 AM·Apr 22, 2026
Agent S🌑
@SaadAmmrun
@mdlabibbiswas6 @MemeCore_M Offline energy, online conviction. That's how a community outlasts the hype cycles.
Hype might grab attention, but it’s consistency that builds a real community and @MemeCore_M is showing that clearly. They’re not just online noise. From hosting offline events to creative moves like Trump Dinner and AntsMaker, the focus stays on genuine participation and https://t.co/2CO6CSG0PN https://t.co/bYHa8mJ9JF
07:39 AM·Apr 22, 2026
shawn.ip 🌕
@Shawnn_moon
@mdlabibbiswas6 @MemeCore_M Glad to be early on this ride wwith Memecore
Hype might grab attention, but it’s consistency that builds a real community and @MemeCore_M is showing that clearly. They’re not just online noise. From hosting offline events to creative moves like Trump Dinner and AntsMaker, the focus stays on genuine participation and https://t.co/2CO6CSG0PN https://t.co/bYHa8mJ9JF
07:10 AM·Apr 22, 2026
Verified analyst commentary is limited, but the official project account and one prominent critic are shaping the narrative. The official @MemeCore_M account, which has 36,378 followers, responded to the April 20 criticism by saying, “We don’t fear the FUD,” while promoting a $100,000 community reward event in $M. That post remained the dominant project-linked reference in the latest 24-hour discussion window.
No additional qualifying analyst with at least 50K followers posted original Top-result analysis in the research set. As a proxy for broader sentiment, CoinGlass shows $135.58 million in open interest, positive funding, and $321,000 in short liquidations against $104,000 in long liquidations, suggesting strong leveraged bullish conviction. The cautionary view came from ZachXBT (@zachxbt), who has more than 1 million followers and questioned the project’s valuation while citing on-chain wallet screenshots tied to insider-control allegations.
The immediate resistance level is around $4.65, which matches the all-time high swing high reached on April 18, 2026, according to TradingView chart data cited in the research. The key support zone sits around $3.36 to $3.52, based on the April 21 to 22 consolidation area and prior breakout base. The next major historical level above current price is $4.66, based on April 18, 2026 price action and framed only as a historical reference point.
The 14-day RSI is 78.26, according to TradingView, which places MemeCore in overbought territory above the standard 70 threshold. The research also states that price is trading well above shorter-term moving averages as it approaches the recent all-time high zone, although no exact 50-day or 200-day crossover is currently in focus.
MemeCore’s near-term calendar includes ongoing community reward programs and offline events, including the already announced $100,000 $M prize pool snapshot dated April 23, 2026, alongside continued ecosystem expansion around PulseApp, MemeX, and MemePack recaps on official channels. No scheduled token unlocks or governance votes are flagged for the next four to eight weeks. The broader meme-coin sector remains supportive, but downside risk stays high because the market is still dealing with supply-concentration allegations, post-rally correction risk, and liquidity that looks modest relative to a $5.9 billion valuation.
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