## ZachXBT Challenges MemeCore Over Valuation and Alleged Insider Supply After RAVE Token Collapse
On-chain investigator ZachXBT has directly challenged the MemeCore project to justify its valuation and explain what he alleges is a significant, insider-held token supply. This public demand intensifies scrutiny on the project following the dramatic collapse of its RAVE token, widening a probe into its financial structure and governance.

The challenge centers on two critical, unanswered questions: the fundamental basis for MemeCore's high valuation and the transparency of its token distribution. ZachXBT's allegations suggest a substantial portion of the token supply may be controlled by insiders, a claim that, if substantiated, would raise serious concerns about market manipulation and investor fairness. The probe gained momentum in the wake of RAVE's price crash, which has left the community seeking accountability.

This confrontation places intense pressure on MemeCore's team to provide a clear and verifiable on-chain accounting. Failure to offer a satisfactory explanation risks eroding all remaining trust with its user base and could attract regulatory scrutiny. The situation underscores the persistent vulnerabilities in the meme coin sector, where opaque tokenomics and concentrated supply can lead to rapid devaluation and significant investor losses.
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- **Source**: CoinTelegraph
- **Sector**: The Vault
- **Tags**: crypto, investigation, tokenomics, ZachXBT, RAVE
- **Credibility**: unverified
- **Published**: 2026-04-20 14:52:24
- **ID**: 72610
- **URL**: https://whisperx.ai/en/intel/72610