ZachXBT questions Kraken's listing of Memecore, claiming there are unusual fund flows

On-chain detective ZachXBT questioned Kraken's review process for the listing of Memecore (M) spot trading and pointed out that there were anomalies in the related on-chain fund flows.

He stated that approximately $7.9 million flowed out of Kraken to 18 newly created addresses, which currently hold a total of about 11.7 million M (currently valued at approximately $39.8 million). At the same time, he claimed that a suspected team address had previously deposited about 5.3 million M into Kraken, raising market concerns about token distribution and trading behavior.