MemeCore [M] token lost more than 20% in two days ahead of its next token unlock scheduled for August 2nd, worth approximately $55.46 million. This amount represents 0.56% of Total Supply and 4.22% of Circulating Supply. Open Interest on derivatives fell 10% to $19.8 million, indicating weaker bullish conviction among traders. The previous unlock on July 3rd, of a similar amount, coincided with a significant price breakdown, and buyers have not reclaimed that level nearly a month later. The next support zone sits between $0.515 and $0.756, where buyers may attempt to absorb the additional token supply.
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