Checked why the $M token is dropping and looked into the on-chain addresses. The $M scam project team has split 29 million into 24 wallets. They dumped from these 24 wallets, causing this massive crash. And this fund is likely treasury money, meaning the project team is dumping their own token. I guess the $M project team saw a bear market coming and couldn’t cash out, so they just decided to dump and abandon the project. Whether it’s truly abandoned, we’ll know soon. Reference: coai