Svmuu News: On-chain investigator ZachXBT has publicly questioned the review process for Kraken's listing of Memecore (M) for spot trading on July 3, 2025, pointing out abnormal related on-chain fund movements.
He stated that approximately $7.9 million flowed out from Kraken to 18 newly created addresses, which currently hold a total of about 11.7 million M tokens (worth approximately $39.8 million at current prices). Simultaneously, he mentioned that suspected team addresses had deposited around 5.3 million M tokens into Kraken, raising market concerns regarding token distribution and trading activities.
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ZachXBT Questions Kraken's Listing of Memecore, Citing Abnormal Fund Flows
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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