MemeCore (token M) trades only against stablecoins like USDT and USDC, not directly against euros, requiring a two-step sale process: first selling M for stablecoins, then converting those to euros on a separate platform. This adds extra fees and tax events, as each swap counts as a taxable disposal in Germany. MemeCore is a layer-1 blockchain with a unique 'Proof of Meme' consensus, but its market is thin and concentrated mainly on one exchange, HTX, making large sales difficult without price impact. The circulating supply is only 22.8% of the max, with monthly token unlocks potentially increasing selling pressure. Investors should carefully track acquisition dates per tranche for tax purposes and prepare for the euro conversion route through licensed exchanges. The article advises caution due to liquidity risks and tax complexity, emphasizing that selling large positions requires limit orders and thorough planning.
The story on MemeCore highlights a complex selling process involving multiple exchanges and tax considerations. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 06, 2026 09:52 WIB: out of 50 major cryptocurrencies priced on Pluang, 15 rose and 34 fell today. Notable movers include EOS with a 1-day change of +8.13% at Rp12.649 and a typical hold time of 87 days, FIL up 6.03% at Rp20.212 with 80% buy order activity, and CRV down 5.52% at Rp6.433 with 87% sell order activity and a typical hold time of 62 days.
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