According to CoinMeta, as monitored by Defimon Alerts, the MemeCore cross-chain bridge minted approximately 1 billion M tokens into a new wallet without any collateral locking or destruction on the original chain, which accounts for about half of the circulating supply. Analyst ZachXBT pointed out that insiders of the MemeCore project hold over 90% of the token supply, and these tokens have not yet been transferred.