MemeCore (M) fluctuated 34.5% in 24 hours: Network hard fork triggered a 40% surge followed by a strong pullback
Bitget Pulse2026/03/26 22:03Volatility Summary
M rebounded from a low of $1.8877 in the past 24 hours to a high of $2.5385, and is currently trading at $2.1771, with an overall price swing of 34.5%. The 24-hour trading volume significantly expanded to approximately $25-30 million, surging by 130%-145% compared to before. Open Interest (OI) increased by 18.7%, and the number of trades spiked by over 515%.
Brief Analysis of the Reasons for the Market Movement
• Network Hard Fork Event: The MemeCore network completed a hard fork upgrade, directly driving a 40% price surge within 24 hours to around $2.39, which was the main catalyst.
• Increased Trading Volume and Leverage: Trading volume exceeded $30 million, contract trading numbers +515%, open interest increased, and leveraged funds amplified volatility as they chased the rising price.
Market Views and Outlook
The market sentiment is predominantly optimistic, regarding this movement as a signal for the start of the “Meme 2.0 Super Cycle.” The CoinGecko community is 33% bullish, and analysts predict a potential challenge of the $3 resistance; however, BeInCrypto and others warn of distribution risks, noting that profit-taking is likely after encountering resistance at high levels. X community traders have issued short-term short signals (entry at $2.35-$2.55). Going forward, attention should be paid to whether $2.5 is broken and consolidated—otherwise, short-term correction pressure may increase.
Note: This analysis is automatically generated by AI based on publicly available data and on-chain monitoring, for informational purposes only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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