MemeCore Price Swings 65% After Hardfork, Perpetuals Listing

Network Upgrade Propels MemeCore Price 65% Before Reversal

On March 26, the MemeCore (M) token underwent a period of intense volatility, climbing from an intraday low of $1.70 to a peak of $2.80. This 65% price increase was followed by an equally aggressive retracement as the token fell back to the $2.39 level, ending the 24-hour period with a net gain of approximately 40%. The price action pushed MemeCore's market capitalization briefly above $4.2 billion, making it the day's top-performing crypto asset.

The rapid price movements were not random but tied directly to two significant catalysts. The token's surge began as the project successfully deployed a major network upgrade, which was amplified by the launch of a new, highly leveraged trading instrument on a decentralized exchange.

Hardfork and 50x Leverage Listing Fuel Speculation

The primary driver for the move was a network hardfork that introduced Account Abstraction (AA). This feature is designed to simplify blockchain interactions for end-users, potentially lowering transaction costs and making the network more accessible for retail participants and high-frequency trading. The development team promoted the upgrade as a key step in making its Layer-1 ecosystem more competitive and user-friendly.

Adding to the momentum, Aster DEX listed MemeCore perpetual contracts with up to 50x leverage. The availability of high leverage significantly boosted speculative interest and contributed to a 24-hour trading volume of $32.44 million. This provided traders with a new venue to bet on the token's price direction, amplifying its intraday volatility.

Profit-Taking at $2.80 Signals Investor Caution

Despite the positive fundamental news, the market's reaction highlighted persistent speculative behavior. The sharp rejection from the $2.80 price level, a historical supply zone, indicates that many traders were quick to sell into the strength and secure profits. This pattern suggests that while the network's capabilities are improving, investors continue to view MemeCore as a high-beta asset.

Analysts noted that the token's trading volume remains low relative to its multi-billion dollar market capitalization, a sign of concentrated liquidity that can exacerbate price swings. For a more sustainable trend to emerge, MemeCore must convert the $2.50 resistance level into a solid support base. Failure to do so may lead to further consolidation or declines as the initial excitement from the catalysts fades.