Someone could explain to me how it's 12 billion FDV and pumped 3600% lol They say MemeCore is an innovative meme L1 and proof of meme consensus. But - The client is just a fork of Geth with minimal tweaks. - The dev has stalled and there hasn't been any code since May 25. - Only 7 validators - extreme risk/centralization. - The explorer is opaque, with no transparency. - Marketing says PoM, but the code shows only PoSA, with no proof of PoM. Rug risk is massive. Yet it's valued at $11B mcap… how?
Show original
9.76K
23
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.