Why is M (Memecore) up today, September 4, 2025
Memecore (M) is among today’s top gainers in the top 100 cryptocurrencies. According to CoinGecko, the token is up 18% in the past 24 hours.
Memecore set a new all-time high today, climbing to $1.17. The token now has a market cap of more than $1.8 billion and a trading volume of $48.8 million. By contrast, the broader market is mostly flat, with Bitcoin and Ethereum showing limited movement. BTC trades just below $11,000, down 0.3%, while ETH gained 1.4% to around $4,300. So, why is Memecore up today?
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Key points
- Exchange incentives increase trading activity
- Community programs grow
- Growth in Memecore-based memecoins
Memecore 24-hour price performance as of September 4, 2025. Source: TradingView
Exchange incentives and social media hype
Memecore ($M) is the native cryptocurrency of Memecore, a Layer 1 blockchain focused on memecoins. It was launched on July 3, 2025, and debuted on multiple centralized exchanges, including Binance, Kraken, Bitget, BingX, and HTX.
Memecore was also included in the Binance Alpha token program, which features memecoins with potential as early-stage, high-growth projects. Such listings and programs typically increase visibility and attract investor demand, supporting price growth.
Community engagement
MemeCore actively engages with the community, participating in and organizing events. On August 26, it co-hosted the Neo Vibe Tokyo event with the Neo blockchain and is planning the "HALLO MEME: RIDE UNTIL NEXT MORNING" party on September 23, 2025, in Seoul. On the technical side, the project uses a Proof-of-Meme consensus that rewards users for creating content and participating in the ecosystem.
Growth in Memecore-based memecoins
Data from CoinGecko shows that tokens built on Memecore, including MXT, BUNANA, and POPI, have posted daily gains. These are smaller-cap memecoins, with the largest, Memetern (MXT), having a market cap of over $10 million. Memecore is currently the 211th largest blockchain by total value locked (TVL). As an early-stage project, its long-term success remains highly uncertain.
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Web3 writer and crypto HODLer with a keen interest in market trends and recent technologies.
