ZachXBT questions Kraken's listing of Memecore, claiming there are unusual fund flows
On-chain detective ZachXBT questioned Kraken's review process for the listing of Memecore (M) spot trading and pointed out that there were anomalies in the related on-chain fund flows.
He stated that approximately $7.9 million flowed out of Kraken to 18 newly created addresses, which currently hold a total of about 11.7 million M (currently valued at approximately $39.8 million). At the same time, he claimed that a suspected team address had previously deposited about 5.3 million M into Kraken, raising market concerns about token distribution and trading behavior.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
![[Exclusive] MemeCore "Has Never Sold Foundation's Holdings... September Transfers Were for Liquidity Supply"](/public-static/9_8dc682caea.png?format=avif)
[Exclusive] MemeCore "Has Never Sold Foundation's Holdings... September Transfers Were for Liquidity Supply"

Jason Calacanis calls meme coins a ‘giant scam’

XRP Leads a Broad Crypto Bid on the Eve of a Senate Vote and a Fed Decision

$1.8 Million Acquisition of Nasdaq Shell Company: Rune Aims to Explode Shorts with Meme Coin

ZeroStack Issues 36.2 Million Shares Linked to Voting

Crypto VC funding: ZeroStack secures $1B, Ripple raises $275M

Data: The cryptocurrency market is experiencing a general rise, with the NFT sector leading with an increase of over 7%, and BTC breaking through $61,000

Data: The cryptocurrency market is generally down, with the Layer 2 sector dropping over 3%, and BTC falling below $59,000

MemeCore CEO Jun: The value of the project is built on trust, not short-term speculation

Ethereum Foundation backs default wallet privacy as Kohaku work advances

Manus quietly released its 2.0 declaration

Justin Sun Prize Partners With MathDB, Led by Caltech Professor Tony Yue Yu, on 50-Problem Pilot

CFTC advances voluntary crypto exchange registration as Congress stalls

Crypto: Over 10,000 Claims Against Restrictions by British Banks

AI agents are launching memecoins. MemeToro’s agent answers to open code

Crypto: The Tokenization of RWA Concerns American Conservatives

Pump.fun 'optimized for addiction': what the internal messages cited in court really say

Anthony Pompliano: The State Will Never Stop Printing Money! Bitcoin, Gold, and Land Will Benefit for 20 Years

Blocked Stablecoin: Your Private Key Is Not Enough

Cryptocurrencies Seek to Integrate into Finance

Introducing the Best Meme Coins on the Ripple Network: A Review of 5 Popular XRPL Tokens

Bitcoin's next Fed test comes with a hidden problem in America's inflation data

The crypto market loses altitude, patience becomes a habit – Steady Lads

Stablecoin Payments in Europe: How Do CASP, PI, and EMI Fit Together?

Why 22 Trillion-Dollar Giants Refuse to be 'Tokenized'?

Rayls Bridges Traditional Finance and Decentralized Finance

Is 24/7 Trading a Necessity? Analyzing the Real Trading Rhythm of RWA Perpetual Contracts

Cyberattack on GMO in Japan: Trading Accounts Compromised, GMO Coin Claims to be Unaffected

Elon Musk's Grand Scheme to Undermine New Cloud Providers







