The native token of the MemeCore blockchain, $M, experienced a dramatic price surge of over 35% following the successful activation of a major network hard fork. The token's price climbed from around $1.60 to approximately $2.35-$2.36, pushing its market capitalization above $3.1 billion. The catalyst was the completion of the second and final stage of the blockchain upgrade, which went live at 2am UTC on March 25, 2026.
The technical upgrade delivered two significant improvements: a 100-fold reduction in gas fees (from 1,500 gwei to 15 gwei) and the introduction of Account Abstraction. These changes are designed to make transactions "cheaper and smarter," according to the official announcement from the MemeCore team via their X account. The upgrade also included tighter EVM compatibility and early Layer 2 scaling components.
The market reaction was immediate and pronounced. Trading volume for $M more than doubled, spiking by roughly 147% to reach $32.9 million. On-chain data showed a recovery from a recent slowdown, and open interest increased as new capital entered the market. Technical indicators reflected the bullish momentum, with the RSI entering overbought territory and the MACD showing positive histogram bars.
The price action saw $M break above key resistance, with the immediate level to watch at $2.84 and a psychological target of $3.00. Support is now seen at the $2.34 consolidation area and a stronger level at $1.80. Analysts note that while the hard fork was a solid catalyst, the move was also supported by a chart that had been "tightening into a coil" for months, with volume building prior to the announcement.
The event has ignited broader speculative interest in the meme coin segment. A clear example is the Maxi Doge (MAXI) presale, which has raised over $4.7 million and is nearing its $5 million target. Commentators suggest the infrastructure improvements on chains like MemeCore make them more viable for high-frequency trading and new token launches, benefiting both the underlying chain token and adjacent speculative projects. The MAXI presale, offering a 66% APY staking reward, is positioned as a higher-risk play on this capital rotation.
