MemeCore Cryptocurrency Plummets 70.8% Amid Liquidity Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2026
0mins
Source: Fool
- Market Value Collapse: According to S&P Global Market Intelligence, MemeCore's market value plummeted by 70.8% from last Friday's close to 11 a.m. ET on June 26, now standing at $1.1 billion, highlighting significant liquidity risks.
- Price Volatility: Between 8:30 p.m. and 9:00 p.m. ET on Wednesday, the token's price fell from $3 to $0.50, underscoring the risks associated with thinly traded assets, which investors should approach with caution.
- Low Trading Volume: Despite MemeCore's market cap nearing $3 billion at the start of the week, its trading volume was only 19.6 million, resulting in extremely low market liquidity that exacerbated price fluctuations and increased investment risks.
- Insider Trading Risks: Analysts have pointed out that most of MemeCore's supply is held by a handful of insiders, and its history of suspicious insider trading raises concerns about its credibility as an investment vehicle.
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Analyst Views on M
Wall Street analysts forecast M stock price to fall
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 23.130
Low
8.00
Averages
21.33
High
27.00
Current: 23.130
Low
8.00
Averages
21.33
High
27.00
About M
Macy's, Inc. is an omnichannel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Cerulean 6, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, JM Collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Investment Strategy: Abel's purchase of over 3 million shares of Macy's in Q1 marks Berkshire Hathaway's first investment in the retailer, indicating confidence in Macy's growth potential moving forward.
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- Leadership Transition: Warren Buffett's retirement sees Greg Abel stepping in as CEO while Buffett remains chairman, with Abel showing a greater willingness to deploy the company's cash reserves, potentially shifting investment strategies.
- New Investment Strategy: Abel's purchase of over 3 million shares of Macy's in Q1 marks Berkshire Hathaway's first investment in the retailer, indicating confidence in Macy's growth potential moving forward.
- Sales Growth Momentum: Macy's stock has surged 85.7% over the past year, with Q1 same-store sales up 3.1%, and notable growth of 10.2% and 6.4% for Bloomingdale's and Bluemercury respectively, suggesting the effectiveness of its 'Bold New Chapter' strategy.
- Upgraded Outlook: Macy's has raised its annual same-store sales guidance from a range of -0.5% to 0.5% to 0.5% to 1.2%, reflecting management's confidence in future performance and potentially attracting more investor interest in the stock's value opportunity.
See More
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- Supportive Economic Data: The US June ISM services index stood at 54.0, meeting expectations, with the employment sub-index rising to 51.2, surpassing the anticipated 48.2, indicating ongoing economic expansion that may alleviate Fed rate hike pressures.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in Q2 earnings, close to Q1's 30% surge, primarily driven by strong performance in AI infrastructure stocks, expected to contribute nearly 60% of earnings growth, further boosting market sentiment.
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- Strong Q2 Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in Q2 earnings, close to Q1's 30% growth, primarily driven by AI spending, which is expected to account for nearly 60% of S&P 500 earnings-per-share growth, providing an optimistic outlook for investors.
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- Historical Resource Estimates: The Phase II drilling will target areas associated with historical resource estimates totaling 26.63 million pounds of uranium at an average grade of 171 ppm, indicating the potential richness of the Copper Mountain project, although these resources are not currently classified as mineral resources or reserves.
- Testing New Targets: The drilling will also test new targets identified through recent geophysics, verified by ground truthing with a handheld gamma spectrometer, showcasing the project's potential for resource discovery and possibly supporting future resource estimates.
- Merger and Market Expansion: Myriad's merger with Rush is nearing completion, which will consolidate 100% ownership of the Copper Mountain project, expected to enhance market capitalization, attract institutional investor interest, simplify operational decision-making, and broaden access to financing.
See More
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- Successful Bankruptcy Exit: Saks department store has successfully emerged from Chapter 11 bankruptcy with significantly reduced debt levels and a smaller store base, now comprising 15 Saks Fifth Avenue and 33 Neiman Marcus locations, indicating a strong commitment to restructuring in the luxury retail market.
- Strategic Transformation: The new strategy emphasizes high-touch service and personalized shopping experiences rather than aggressive discount expansion, aiming to enhance customer loyalty by better utilizing customer data to refine product assortments and improve in-store service quality.
- Store Adjustments: During the bankruptcy process, Saks closed numerous locations, particularly off-price outlets, resulting in a substantial reduction in the number of Saks Off 5th stores, reflecting the company's focus on profitability over sheer store count.
- Leadership Changes: Exemplar Luxury Group is led by Geoffroy van Raemdonck, who previously guided Neiman Marcus through bankruptcy, and the future strategy will prioritize full-price luxury retail while reducing reliance on real estate plays and discount formats.
See More
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- Current Meme Coin Market: Meme coins represent 1.25% of the total crypto market value, with some, like Dogecoin (DOGE), achieving a market cap of $12.5 billion, ranking among the top ten cryptocurrencies despite their origins as internet jokes.
- Diversification Challenges: While meme coins could offer diversification, the lack of effective investment vehicles, such as ETFs that cover a range of meme coins, makes single investments too risky and fails to provide true diversification.
- Risks of Meme Coins: Meme coins often launch at near-zero prices, skyrocket to absurd valuations, and then dramatically drop, leading many investors to suffer significant losses, especially those who entered the market post-2021.
- Caution for Long-Term Investment: Given the mixed and often alarming long-term return data for meme coins, it is advisable for investors to exclude them from long-term portfolios to avoid potential financial losses.
See More
