MemeCore is an EVM-compatible Layer 1 blockchain built for "Meme 2.0," a model in which meme coins earn on-chain rewards for creation, social engagement and transactions rather than trading alone. Its native token, $M, pays gas, supports staking and governance, and trades at $0.8974, down 5.81% over 24 hours. The price is 84.09% below its all-time high of $5.64.
Core technology and architecture
The execution layer is Go-MemeCore, a fork of go-ethereum at version v1.15.1. It supports EIP-4844 blob transactions and full Ethereum JSON-RPC compatibility. Blocks are produced every 7 seconds. The mainnet launched on 12 February 2025, and the public Layer 1 launch was announced on 9 September 2025.
Each meme token issued under the MRC-20 standard receives an automatically created Meme Vault. This smart contract tracks community activity and distributes rewards to Proof of Meme (PoM) participants.
Consensus and network security
PoM is the project's branded consensus framework. The node client describes the underlying engine as Proof of Staked Authority, which combines Proof of Authority with Delegated Proof of Stake. The top seven active validators, ranked by stake, produce blocks in turns.
Validators must self-stake 7 million $M, and delegators can stake $M or whitelisted meme coins. Double-signing is penalised by slashing, and underperforming validators can be excluded from the next round. According to the launch release, block rewards are split 75% to $M stakers, 24% to meme-token delegators and 1% to block proposers.
CertiK lists two smart contract audits with 16 findings: 13 resolved, one high-severity design issue acknowledged, two centralisation findings partially resolved, and no critical findings. A third-party analysis from August 2026 argues that the block-producer field is a placeholder and that the chain resembles a permissioned set of seven addresses. This is one author's reading and is not confirmed by project documentation.
Tokenomics
| Metric | Value | |
|---|---|---|
| Total supply | 5,431,700,404 M | |
| Circulating supply | 2,292,726,108 M | |
| Market cap | $2.06B (rank #58) |
The core Geth code mints 30 M with each block and allocates it to the reward contract. Because block rewards create new $M, supply is not fixed. One secondary source describes permanent burns from transaction fees and staking locks, but the primary documentation reviewed does not confirm this.
The documented allocation is:
| Allocation | Share | |
|---|---|---|
| Community (ecosystem activation and incentives) | 58% | |
| Foundation | 15% | |
| Core Contributor | 13% | |
| Investor | 12% | |
| Meme Treasury | 2% |
$M is used for gas, staking, ecosystem rewards, block proposal and validation, delegation, and governance.
Use cases
- Meme Vaults: 5% of each meme token's supply goes to reserves, split 1% to $M stakers and 4% to that token's stakers. A further 10% of block rewards goes to Viral Grants, but the qualification criteria are still marked TBA.
- Creator tools: MemeX is a no-code launchpad and SocialFi platform. PUPA generates tokens and NFTs without code. Everyswap is a Uniswap v3-style DEX.
- Trading and wallets: MemeMax is a perpetual trading platform, and MeCo Wallet is a non-custodial wallet.
- Gaming: Memes.War is a Telegram-based play-to-airdrop platform.
- Developer funding: The LIFT Ecofund offers grants of up to $100,000 for external dApps.
Who is behind MemeCore and where is it based?
Team. Bybit Learn and Bitget name Jun Ahn as CEO. Bybit also lists him as founder of 0xLootBox, with prior roles at Ledger. The Kraken MiCA statement lists Ting Hsu as Chief Business Development Officer and Rudy Rong as Chief Growth Officer. Public sources do not provide a full list of core protocol developers.
Founding and history. Ting Hsu told Fortune in May 2025 that the firm was "Founded in January 2024." Anteater Labs Pte. Ltd. was incorporated in Singapore on 21 May 2024.
Location. CoinStats and Dealroom report Singapore as headquarters.
Legal entity. CoinGecko states that MemeCore is developed by Anteater Labs Pte. Ltd., and Companies.sg records that company as an exempt private company limited by shares. The Kraken MiCA statement names "MemeCore Foundation" as the entity behind the project, with the legal form "Foundation." Its registered address, head office, registration date and LEI are all marked "Not available." The foundation's jurisdiction and its relationship to Anteater Labs are not documented in the sources reviewed.
Key partnerships and ecosystem integrations
- Exchanges: Trading of $M began on 3 July 2025 on Binance Alpha, Kraken, Bitget, BingX, HTX and Hashkey.
- Investors: DWF Labs announced a partnership on 18 September 2025.
- Cross-chain: MemeCore announced integrations with LayerZero and Stargate in October 2026, enabling $M to bridge to BNB Chain and Base.
- ZeroStack transaction: On 19 August 2026, Puple AI Inc. and Blockcat Pte. Ltd., described as principals of the MemeCore ecosystem, agreed to contribute 925,925,926 $M tokens to Nasdaq-listed ZeroStack Corp. (ZSTK). The tokens were valued at $1.08 each, or about US$1.0 billion, in exchange for 3,500,000 ZeroStack common shares and pre-funded warrants.
Competitive position
The project describes MemeCore as the first Layer 1 designed specifically for meme coins. It highlights three differentiators: explicit rewards for content creation, social engagement and on-chain activity; dual rewards, in which validators also receive a portion of MRC-20 tokens; and an integrated stack of launchpad, DEX, perpetuals and wallet products. These are the project's own claims, and no independent adoption metrics were found in the sources reviewed.
MarketWatch reported that M fell 72% from $2.618 to $0.8188 on 24 June 2026, with no obvious reason given. The report said blockchain investigator ZachXBT and two other sleuths had flagged "a number of red flags," without specifying them.
Development activity and roadmap
Go-MemeCore v1.15.1 was released in January 2026 and includes an audit report. It implements Dencun and Pectra EIPs adapted for PoSA. A later v1.15.3 release backported patches for two go-ethereum CVEs, which are upstream vulnerabilities rather than MemeCore-specific exploits. The Formicarium public testnet went live in July 2025.
The documentation states that the Meme 2.0 structure is still under development. No dated roadmap commitments were found in the sources reviewed.