According to on-chain data of Crypto asset, the developers behind the newly emerged memecoinPOPE made approximately 1 million dollars in about two hours.
Data shows that the POPE developers created a new wallet before the token launch and were the first to sell 5.8 million POPE tokens at the moment the token was released using 100,000 USDC. This is, in fact, a concerning development for an altcoin.
Developers sold 1.5 million POPE tokens after the price surged to $0.286 following their purchase of the tokens. With the sales they made afterward, they increased their total realized profit to $688,000. They still hold $286,000 worth of POPE tokens.
POP, in fact, was created shortly after Donald Trump jokingly announced that he wanted to become the new pope and the official White House X account shared a photo of Trump in papal attire. However, this memecoin has no official connection to Trump and carries a very high risk.
The altcoin, which has experienced a significant drop from its peak, is trading at $0.083 at the moment this article is being written.
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Did Developers Cheat on This Altcoin: They Bought a Large Amount of Their Own Altcoins and Then Dumped Them!
According to on-chain data of Crypto asset, the developers behind the newly emerged memecoin POPE made approximately 1 million dollars in about two hours.
Data shows that the POPE developers created a new wallet before the token launch and were the first to sell 5.8 million POPE tokens at the moment the token was released using 100,000 USDC. This is, in fact, a concerning development for an altcoin.
Developers sold 1.5 million POPE tokens after the price surged to $0.286 following their purchase of the tokens. With the sales they made afterward, they increased their total realized profit to $688,000. They still hold $286,000 worth of POPE tokens.
POP, in fact, was created shortly after Donald Trump jokingly announced that he wanted to become the new pope and the official White House X account shared a photo of Trump in papal attire. However, this memecoin has no official connection to Trump and carries a very high risk.
The altcoin, which has experienced a significant drop from its peak, is trading at $0.083 at the moment this article is being written.