MemeCore Foundation Statement
US$10M+ Strategic Treasury Buyback Program
We are aware of the recent market volatility and the concerns raised by our community.
Following a comprehensive internal and on-chain review, we have not identified any confirmed issues within MemeCore.
Our review confirms:
- No issues affecting the protocol or infrastructure.
- All core systems continue to operate normally.
- No token sales were conducted by the MemeCore Foundation.
- No unusual activity has been identified regarding the Foundation's treasury or project operations.
Based on the information currently available, we cannot attribute the recent market movement to any specific source.
However, we observed that certain sell-side orders entered the market within a short period of time. Rather than being executed through normal limit-order trading, these orders were primarily executed as market orders, resulting in heightened short-term price volatility.
Strategic Treasury Buyback Program
Although this event was not caused by the MemeCore Foundation, we remain fully committed to the long-term sustainability of the MemeCore ecosystem.
Accordingly, the Foundation has approved a Strategic Treasury Buyback Program of at least US$10 million.
This initiative forms part of the Foundation's long-term Treasury Management and Ecosystem Support strategy and is intended to:
- Support the long-term sustainability of the MemeCore ecosystem
- Optimize the Foundation's treasury allocation
- Reinforce long-term ecosystem development
To preserve market integrity and minimize front-running or speculative trading, the Foundation will not disclose the timing, execution method, or schedule of the buyback.
The buyback may have already commenced or may be implemented progressively over time.
The Foundation reserves the right to adjust the execution pace, frequency, and amount of each transaction based on market conditions and treasury management considerations.
All repurchased tokens will be transferred to the Foundation's treasury wallet:
0xf0Fe619A8A8C3e65966EEf2E447aD1d54a13C511
Looking Ahead
This event has only strengthened our commitment to building a more resilient MemeCore ecosystem.
In parallel, we are actively preparing additional strategic initiatives to further support the long-term growth of MemeCore.
Further updates will be shared through our official channels as appropriate.
We sincerely appreciate the continued trust and support of our community.
Disclaimer
This announcement reflects the Foundation's current understanding based on the information available at the time of publication.
The Strategic Treasury Buyback Program is part of the Foundation's treasury management and ecosystem development strategy. It should not be interpreted as investment advice, a guarantee of future performance, or any commitment regarding token price.
Digital asset markets remain highly volatile, and neither the Foundation nor any affiliated party guarantees future market performance.
顯示更多