According to reports from CoinStats, MemeCore has achieved significant market momentum, with its circulating market capitalization currently ranging between ₹2.8–4.3 billion following recent rallies. The token has climbed into the #24–25 slot among all cryptocurrencies, with some platforms reporting market caps pushing past ₹4 billion during 40–50% weekly moves. By contrast, Shiba Inu maintained an ₹8.13 billion market cap as of November 2025, positioning it as the clear number two meme coin and a top-tier asset by total value. As reported by Binance research and other platforms, SHIB has historically been framed as the "bigger in total value" meme token, even during periods when newer entrants like MemeCore are closing the gap.
According to MEXC's analysis of MemeCore's tokenomics, approximately 1.74–1.75 billion M tokens are currently in circulation out of a 5.34–5.35 billion total supply and a 10 billion max supply, representing only roughly 17–33% of eventual tokens live in the market. At recent prices, this puts MemeCore's fully-diluted valuation (FDV) in the ₹8–13 billion range, creating a 200–205% premium to its current market cap and a 3–6x FDV-to-circulating-cap ratio that CoinStats explicitly flags as a "significant dilution risk." MEXC calculates that each additional 1% of total supply entering the market at current prices represents around ₹79–130 million in potential sell pressure, with past memecoins with similar overhangs often experiencing 30–45% drawdowns within 60–90 days of big unlocks.
As reported by CoinLaw's 2025 memecoin report, Shiba Inu has already pushed the overwhelming majority of its supply into circulation, with no comparable 200%+ FDV premium compared to MemeCore. According to CoinLaw, SHIB trades much closer to its fully diluted value because there is relatively little new supply left to unlock versus MemeCore. This fundamental difference means Shiba Inu behaves more like a "mature" meme coin where price is driven by flows and burn mechanics, while MemeCore remains in the high-beta, high-dilution phase where unlock schedules and FDV overhang are as important as raw demand. The analysis suggests that traders choosing between the two assets are essentially selecting between a more stable, lower-dilution large cap (SHIB) and a newer, more reflexive asset (MemeCore) whose upside potential is offset by substantial dilution and unlock risks.
