M Inflation Analysis · October 2026 · Supply growing · projected to keep growing

MemeCore (M) grew its circulating supply by +42.07% in the 90 days to Oct 13 2026, and almost all of it came from one transfer: on Aug 19 2026 a project wallet released 925.9M M to a Nasdaq-listed company. Block rewards added 33.33M M, while the base-fee burn removed only 603 M. With no release on the calendar that has ever reached the chain, the next 90 days should add about +1.46% from block rewards alone, but 3.14B M still sit in seven project wallets that can release at any time.

The verdict, in one paragraph

MemeCore added 961.65M M of new supply into the float over the last 90 days and took back 0.0006M M, so the net is +42.07%of today's 2.29B M circulating supply. The inflation monitor reads +73.26%, a gap of 31.19 percentage points. The gap is not a missing coin: the monitor divides by the supply of 90 days ago (1.32B M), we divide by today's. Our own flow on its base gives +72.89%, within 0.37 points of the monitor, so no warning chip is shown. The next 90 days project to +1.46%. MemeCore M is a young Layer-1 whose float is set by when a few project wallets choose to release coins.

Sell pressure: where new M comes from

Protocol inflation: 33.33M M. Every MemeCore block, one every 7 seconds, mints 30 M into the reward contract that pays the 7 active validators and the people who stake with them. We read that contract block by block at the start, middle and end of the window and it rose by exactly 30 M each time. The client code cut the reward from 112.5 M to 30 M per block in July 2025 and sets no further change, so the next 90 days add another 33.33M M, about 1.46% of the float.

Vesting unlocks: 0. Unlock calendars show 56.1M M opening each month for the team (7.64M), investors (12.50M), the foundation (11.67M) and the community (24.31M), with dates on Aug 2, Sep 2 and Oct 2 2026. The MemeCore project itself publishes only the split, not dates. On-chain, the custody wallets for the team (650M M), investors (600M M) and foundation (700M M) have not paid a single coin outside the project wallets since they were filled in March 2025, so the calendar unlocks never reached the market. We count what really leaves a wallet, which is zero.

Foundation and unscheduled unlocks: 928.33M M. This is the row that moved the supply. A reserve wallet that held 1.65B M at the start of the window sent 925.9M Mon Aug 19 2026, through the chain's bridge to BNB Chain, into a wallet that now holds exactly 925,925,926 M and has never sent a transaction. That is the same amount a Nasdaq-listed company said it received that day in exchange for its shares; its deal bars staking the coins. A separate payout wallet sent 2.4M Min small grants between Sep 19 and Sep 29 2026. Both wallets sat outside the circulating count, so both flows are new supply for the market.

Long-term locked or bankruptcy: 0.No bankruptcy estate or court trustee holds M. The listed company's 925.9M M already count as circulating, so if it ever sells, that is a change of owner, not new supply.

Buy pressure: where new M goes

Programmatic buyback: 0. The MemeCore foundation announced a buyback of at least $10M on Jul 2 2026, after a sharp price fall, and said the coins would go to its treasury wallet with no address and no timing. None of the seven non-circulating project wallets grew during the window, so any coins it bought stayed inside the float and take nothing out of it.

Protocol fee burn: 0.0006M M. MemeCore uses an EIP-1559 fee market and destroys the base fee of every transaction. The chain carries little traffic, so the base fee sat at its 15 gwei floor the whole window. Added up over all 1,110,857 blocks, the burn came to 603 M, about 7 M a day, or less than 2 coins for every 100,000 the blocks create.

Foundation buy: 0. Nothing beyond the buyback announcement shows a project wallet buying M. New long-term lock: 0. Staked M still counts as circulating, so staking does not shrink the float, and no new lock contract was funded.

Foundation and overhang

Seven MemeCore project wallets hold every coin that is not counted as circulating, 3.14B Mtoday, and we check them on-chain every day: a reserve wallet with 724.1M M (the one that made the August release), three custody wallets with 700M, 650Mand 600M M whose sizes match the foundation, team and investor shares, a payout wallet with 314.9M M, and two more with 100M and 50M M. Total supply minus these seven equals the circulating supply to the coin, so nothing else is held back. That overhang is 137% of the coins circulating today.

The foundation's buyback wallet has never been named, so its size is unknown. If any of these wallets' balances falls between our checks, the coins that left enter the foundation-and-unscheduled row at the next refresh.

How M compares to other young Layer-1 chains

Most new Layer-1 chains launch with well under half of their supply circulating and release the rest through monthly or yearly unlocks that land on the market on schedule. MemeCore M looks the same on paper, at 42% unlocked of 5.42B M and a 10B M cap, but its calendar unlocks have never moved on-chain. Its float instead jumps when the project makes a one-off transfer, as on Aug 19 2026. For a holder that is harder to plan for: a chain with a steady unlock schedule tells you the dates, while MemeCore's releases come without notice.

On the issuance side, MemeCore pays a fixed 30 Mper block with no link to how much is staked, unlike Ethereum, whose reward rises with the stake, or Bitcoin, whose block reward halves on a set date. And unlike Ethereum or BNB Chain, where real traffic makes the fee burn a meaningful counterweight, MemeCore's burn is close to zero because the chain carries little traffic. Block rewards win by a factor of about 55,000.

What to watch in the next 90 days

Nov 1 2026, Dec 2 2026 and Jan 1 2027 are the next calendar unlock dates, 56.1M M each. If the team, investor or foundation wallets finally pay out, those coins become real sell pressure at 2.5% of the float per month.

The 724.1M M reserve wallet is the one to watch most: it has sent coins out three times since March 2025 on no schedule, the last time the 925.9M M release.

The listed company's 925.9M M wallet: any transfer out would be a sale by a holder that is already in the float, not new supply, but it would be the biggest single seller in the market.

Any MemeCore client release that changes the 30 Mblock reward, and any address or size disclosed for the foundation's buyback.

Summary

MemeCore (M) supply grew +42.07% in the 90 days to Oct 13 2026 because one project wallet released 925.9M M to a listed company on Aug 19 2026, on top of 33.33M M of block rewards and against a fee burn of only 603 M. With no release scheduled that has ever reached the chain, the next 90 days project to about +1.46%from the 30 M block reward. The risk is the 3.14B M still held in seven project wallets, more than the whole circulating supply, which can be released without notice, inside a hard cap of 10B M.

MrNasdog Pressure Framework analysis of M, Metric 1 — Inflation. Data + explanation only. Not financial advice. Checked Oct 13 2026.