MemeCore ($M) is under scrutiny as investigations reveal that over 90% of its token supply is controlled by insider wallets, raising concerns about market manipulation. Despite a market cap exceeding $5.5 billion, the token's 24-hour trading volume struggles to surpass $30 million, indicating a potential "ghost market cap" scenario. This situation mirrors the recent collapse of RaveDAO (RAVE), which saw a 95% value drop due to similar insider control. The token's price has surged from $1.50 to $4.60 since March 2026, but technical indicators suggest a potential downturn. The Relative Strength Index (RSI) is at 81.01, indicating overbought conditions, and critical support levels at $3.00 and $2.00 could trigger liquidations if breached. Investors are advised to monitor wallet movements and liquidity depth as potential warning signs of a market correction.