- MemeCore’s $M token jumped 40% in 24 hours to $2.39, pushing its market cap above $3 billion as the hard fork went live.
- The upgrade brings Account Abstraction, enabling smarter, cheaper, and more user-friendly transactions that strengthen the network’s positioning.
- Aster DEX listing $M perpetuals with up to 50x leverage and bonus trading points boosts volume.
MemeCore price staged a massive technical and fundamental breakout despite Bitcoin’s uncertain price movement. Following the successful deployment of a major network upgrade, its native token,$M, surged to $2.39, marking a 40% gain in just 24 hours.
With its market capitalization now firmly above the $3 billion threshold, MemeCore is more than just a speculative asset. The network is a Meme Chain (Layer1) that connects creators and communities through Memes and DApps.
Catalysts in Price Surge
The primary driver behind the vertical uptick is the official launch of the MemeCore Hard fork. According to the development team, the upgrade is “officially live and stable,” marking a turning point for the network’s efficiency.
The hard fork introduces Account Abstraction (AA), a sophisticated upgrade that effectively hides the complexities of blockchain interaction from the end user. In practical terms, this allows smarter transactions as programmable logic within wallets allows for batching and automated security features. Lower costs as the optimized gas efficiency makes the Layer1 ecosystem one of the most cost-effective environments for high-frequency trading and meme-coin minting. All the factors mentioned above lower the entry barrier as the network is positioning itself to capture the retail wave.
Adding liquidity to the fire, Aster DEX announced the listing of $M perpetual contracts. Aster’s userbase can trade MemeCore with up to 50x leverage, a move that has significantly boosted the token’s 24-hour volume to $32.44 million. To further incentivize participation, Aster DEX is offering 1.2x trading points for $M traders until April 2nd.
Analyzing MemeCore Price Charts
The 15-minute price chart reveals a textbook bullish flag formation following the hard fork spike. After hitting a local high near $2.80, the price has consolidated into a narrowing wedge. Currently, $M’s price is trading at $2.30 and has found strong support at this level. With 70% surge in the last 30 days, the price shows impressive growth in the monthly time frame, while weekly gains stand at 23.59%.
The technical structure suggests that $M is currently absorbing the ‘sell the news” pressure remarkably well. The upward-sloping support line marked with the green trendline remains intact, suggesting that as long as the price stays above $2.34, the path of least resistance remains skewed to the upside with a target of $3.
Editor’s Note
The market is shifting its perception of MemeCore as the combination of the viral nature of meme culture and smart infrastructure, like Account Abstraction, gives the project mainstream appeal. While the rally is impressive, the volume-to-market cap ratio remains a metric to watch. At $32.44 million in traded volume against a $3 billion market cap, the liquidity is concentrated. If $M can flip the $2.50 resistance into support, the psychological target of $3 becomes the next logical milestone.
The convergence of the hard fork with Aster DEX listing and a monthly growth of 70%, MemeCore is slowly drawing eyeballs from the community and institutional investors.
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