MemeCore Token M Surges 35% After Hard Fork Upgrade

MemeCore's native token M surged more than 35 percent in the past 24 hours to trade around 2.31 on March 26, 2026, pushing its market capitalization above 3 billion and reflecting renewed speculative interest in the memecoin sector.

The rally marked a continuation of momentum from the previous day, when M climbed from intraday lows near 1.69 to highs of 2.47. Trading volume exceeded 33 million across spot and derivatives markets, with futures activity outpacing spot by a factor of more than 3 to 1, according to data from CoinGlass. This heavy reliance on leveraged positions highlighted the role of short-term traders in fueling the advance. On March 25, approximately 1.7 million in short positions were liquidated across five major exchanges, alongside 468,620 in long liquidations, contributing to the explosive price action.

The immediate trigger for the surge was the completion of MemeCore's hard fork, activated at 2 a.m. UTC on March 25. The upgrade reduced gas fees by 100-fold, from 1,500 gwei to 15 gwei, and introduced account abstraction for more efficient transactions, along with enhanced EVM compatibility and initial Layer 2 scaling features. Developers described the...