ZachXBT questions Kraken's listing of Memecore, claiming there are unusual fund flows
On-chain detective ZachXBT questioned Kraken's review process for the listing of Memecore (M) spot trading and pointed out that there were anomalies in the related on-chain fund flows.
He stated that approximately $7.9 million flowed out of Kraken to 18 newly created addresses, which currently hold a total of about 11.7 million M (currently valued at approximately $39.8 million). At the same time, he claimed that a suspected team address had previously deposited about 5.3 million M into Kraken, raising market concerns about token distribution and trading behavior.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

ZeroStack Issues 36.2 Million Shares Linked to Voting

Crypto VC funding: ZeroStack secures $1B, Ripple raises $275M

Data: The cryptocurrency market is experiencing a general rise, with the NFT sector leading with an increase of over 7%, and BTC breaking through $61,000

Data: The cryptocurrency market is generally down, with the Layer 2 sector dropping over 3%, and BTC falling below $59,000

MemeCore CEO Jun: The value of the project is built on trust, not short-term speculation

Data: Today's Top 100 Cryptocurrency Tokens Price Changes

Is it a good time to take out a UVA mortgage? What experts think and what to understand before doing it

Global Financial Leaders Gather in Seoul This September

a16z Reveals: Why Argentinians Buy Crypto as a Way to Buy Dollars? After the Crisis, Stablecoins Have Become a National Habit

SuhoAIo and IBK Industrial Bank Complete Joint Concept Verification of Blockchain-Based Instant Overseas Remittance Infrastructure

Fixed Term in Dollars: How Much Do I Earn If I Invest US$3,500 for 30 Days

The S&P Merval Plummeted 12% in Dollars in August and Country Risk Rose 80 Points, the Largest Jump Since February

Alleged 5.5 Million MyVete Records Offered for USD $4,000

Lazarus moves $30M through Hyperliquid as US talks advance

Polymarket Discusses $1 Billion Funding, Valuation of 29 Trillion Won Mentioned

AI data centers are learning the power trick Bitcoin miners mastered first

Peach Limits P2P Bitcoin Sales Under New Rules

Bitcoin: American Bitcoin Achieves Record Production Despite Cost Debate

Crypto market moves ‘as one block’ despite broader rally: Cryptex co-founder

What would it take to bring Hyperliquid to the US? Former SEC counsel explains

Iran claims it shot down a U.S. MQ-9 Reaper drone near the Strait of Hormuz

Why Bitcoin’s $2B corporate treasuries are a ticking time bomb of hidden conditional supply

Bitcoin needs ETF demand to hold as Fed rate hike risk grows: analysts

SEC Charges 38 Entities Over False Investment Adviser Filings

Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore

Solana Crypto Partnership Achieves Record 169.9 Million Transactions

Cyberattacks: Artificial Intelligence (AI) Could Destabilize Global Finance!

Surge in IPOs in China: AI and Robotics Companies Lead Debuts in Shanghai and Hong Kong

HKDAP could take HKD beyond payments into on-chain finance, HashKey researcher says







