MemeCore unlocks 56M M tokens as ZeroStack holds 40.9% supply

On September 2, 2026, MemeCore releases 56,111,112 M tokens — 2.5 percent of circulating supply — ten days after a Nasdaq-listed company took 40.9 percent of the same supply.

MemeCore releases 56,111,112 M tokens on September 2, 2026, 2.5 percent of circulating supply worth about $57.7 million.

DefiLlama's independent emission model dates the tranche to September 2, 2026 at 02:46:42 UTC, according to data published August 29. The project's own documentation provides distribution ratios but no specific dates, leaving timing to third-party emission trackers.

The tranche splits into four pots: roughly 36 million M to community, 8.4 million to foundation, and 20,138,889 M combined to team and investors — the latter worth about $20.7 million. Circulating supply stands at 2,266,751,572 M, total supply at 5.41 billion, maximum at 10 billion. Market cap is $2.33 billion; fully diluted valuation is $5.56 billion. M trades at $1.029, down 82 percent from its all-time high of $5.64 set July 2, 2026. CoinGecko reports 24-hour volume of about $1.4 million, meaning the tranche equals roughly forty days of turnover.

Ten days before this unlock, ZeroStack Corp. (Nasdaq: ZSTK), a Dallas-based company, acquired 925,925,926 M — 40.9 percent of circulating supply — according to an 8-K filed with the SEC on August 19, 2026. The filings show the tokens sit in a multi-signature wallet with no stated lock-up on the tokens themselves, only on shares arising from pre-funded warrants. The S-3 registration filed August 21 covers 54,609,992 ZeroStack shares, not the M tokens. With monthly tranches of 56,111,112 M running since December 2025, twelve releases add up to about 673 million M per year — nearly 30 percent of today's circulating supply.

What the ZeroStack Filings Actually Say

The 8-K filed August 19, 2026 details the acquisition structure. ZeroStack acquired 925,925,926 M through a private placement, with the deal priced at $25.19 per share — well above the company's last reported Nasdaq price of $4.96 as of August 19. The structure uses pre-funded warrants because anything beyond 19.99 percent of shares outstanding requires shareholder approval under Nasdaq Rule 5635. The lock-up period of up to ten years applies only to shares arising from warrant exercise, not to the M tokens themselves. The filings are silent on any holding period for the tokens.

The S-3 registration filed August 21, 2026 (file number 333-298482) registers 54,609,992 ZeroStack shares for resale by selling securityholders. The M tokens are not covered by this registration. The prospectus states the company receives no proceeds from these sales and that holders have not informed the company of any intent to sell.

Why the Unlock Matters for M Holders

The tranche's significance lies in the thin order book. With 24-hour volume of about $1.4 million, the 56,111,112 M release represents roughly forty days of turnover. Even partial selling would meet an order book not built for that size. The team and investor portion — 20,138,889 M, about $20.7 million — is where selling pressure is most likely to originate, since those recipients acquired tokens early and at lower prices.

The monthly cadence compounds the issue. Twelve tranches per year add up to about 673 million M, nearly 30 percent of today's circulating supply. This emission is why price performance and market-capitalization performance can diverge at young layer-1 projects: the price can move sideways while the valued quantity grows.

MemeCore is a layer-1 blockchain with a "proof of meme" consensus mechanism, where attention paid to content factors into network rewards. The token M serves as the network's gas fee. Block rewards are tied partly to content resonance, converting attention into distribution. The emission continues regardless of usage because it hangs on dates, not on network activity.

This article is for informational purposes only and does not constitute investment advice.