ZachXBT questions Kraken's listing of Memecore, claiming there are unusual fund flows
By: www.chaincatcher.com|2026/04/20 15:18:36
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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.
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