MemeCore was launched by Jun Ahn — a web3 and gaming industry entrepreneur, previously Ledger's representative in Asia, and founder of the 0xLootBox investment network — in late 2024, headquartered in Singapore. Co-founders include a pseudonymous figure known as “Ice,” and Chief Business Development Officer Cherry (Ting) Hsu, who brings a background in game development and international marketing.
-
Q3 2024: a testnet launches, with bridging functionality between Solana and Ethereum.
-
October 2024: a joint foundation with Saakuru Labs, with an initial $10 million fund for investing in and acquiring meme communities and games.
-
Growth was driven by “Memes.War,” a Telegram mini-app that attracted 2.55+ million users in its first season.
-
February 12, 2025: official mainnet launch; July 3, 2025: the M token becomes tradable on major exchanges, at an extremely low starting price of roughly $0.035–0.047.
-
Funding secured from venture capital firms including AC Capital, IBC Group, Waterdrip Capital, and Catcher VC.
A notable transparency gap: the project has no publicly named technical co-founders, CTO, or lead blockchain engineers — the development team maintains no public professional profiles, unusual for a Layer 1 project of this market-cap scale.