MemeCoin Revolution Gets a Blockchain Backbone with "Proof of Meme"

MemeCore, a project that has rapidly emerged as a key player in the meme coin space, has officially launched its Layer 1 blockchain on September 9, 2025. The EVM-compatible network aims to provide a structured framework for the meme coin economy, addressing concerns around volatility and short-term speculation that have plagued the sector. The platform introduces the “Proof of Meme” (PoM) consensus mechanism, which combines aspects of Proof-of-Authority and delegated Proof-of-Stake to encourage sustained participation through incentives tied to on-chain activity and cultural contributions. Validators are required to stake 7 million of the native $M token, with rewards distributed across stakers, delegators, and block proposers in a 75:24:1 ratio [2].

According to Chainplay, an overwhelming 97% of meme coin projects fail within a year, yet those that survive often deliver outsized short-term returns. From January to May 2025, meme coins achieved an average return of 33.08%, outperforming other major crypto categories [2]. MemeCore’s architecture is designed to enhance the longevity and value creation potential of meme coins by incentivizing their development, remixing, and distribution. Each new meme coin minted on the platform generates a “Meme Vault” smart contract, which acts as a reward pool to support continued engagement and development. Participants earn $M tokens and MRC-20 meme tokens based on measurable contributions, encouraging a more sustainable and community-driven model [2].

The $M token, with a capped supply of 10 billion, has seen significant price movements since its launch. As of September 1, 2025, the circulating supply stood at approximately 1.03 billion tokens, with a market capitalization of $706 million and a fully diluted valuation of $6.79 billion [2]. Over the past week, MemeCore’s token price has surged by 264%, reaching a high of $1.72. The token has been listed on several major exchanges, including Binance Alpha, Kraken, Bitget, and MEXC, with a 24-hour trading volume of $32.3 million recorded on Bitget’s M/USDT pair. Despite the recent gains, some analysts, including Tryrex, have warned of a potential correction, citing overbought conditions and a long/short ratio of 0.49, which suggests bearish sentiment among traders [3].

MemeCore’s ecosystem includes a range of decentralized applications and infrastructure tools. MemeX allows no-code creation of MRC-20 tokens, while PUPA supports rapid generation of tokens and NFTs. Everyswap integrates Uniswap v3-based automated market maker (AMM) functionality, and MemeCore Stake provides a multi-token delegation interface. The project also supports gaming through platforms like Memes. War, a Telegram-based play-to-airdrop platform. Additional tools include MemeCoreScan for on-chain analytics, MemeCore Faucet, and OKLink explorer services. MemeCore has also secured partnerships with entities such as Waterdrip Capital, AC Capital, and PrestoLabs, while its token is bridged to BNB Chain via the Meson Free Bridge [2].

Community engagement and marketing campaigns have played a significant role in MemeCore’s rapid rise. The “Trump Dinner” leaderboard campaign and the “Proof-of-Shit” social campaign, which distributed $700,000 in rewards, have driven participation and awareness. Offline efforts have included appearances at major crypto events such as Token2049 and KBW 2025. With these initiatives, MemeCore is positioning itself as a hub for meme coin innovation and community-driven value creation [2].

Source:

[1] MemeCore Price: M Live Price Chart, Market Cap & ... (https://www.coingecko.com/en/coins/memecore)

[2] MemeCore Launches Layer 1 Blockchain to Structure ... (https://www.theblock.co/press-releases/369977/memecore-launches-layer-1-blockchain-to-structure-the-meme-coin-economy)

[3] MemeCore Price Crash? Whales Are Pouring Gains Into ... (https://cryptodnes.bg/en/memecore-price-crash-whales-are-pouring-gains-into-snorter-token-instead/)