$USDC According to Deep Tide TechFlow, on May 5, Coindoo reported that a developer of a Memecoin project called POPE made approximately 1 million dollars in profits just two hours after the token launch.

Blockchain data shows that the token is inspired by a viral meme of Trump acting as the Pope. The developer created a new wallet before the project launch and used 100,000 USDC to buy 5.8 million POPE tokens. When the price of POPE rose to 0.286 dollars, the developer sold 1.5 million tokens, obtaining approximately 688,000 dollars in profits. Currently, that wallet still holds tokens worth approximately 286,000 dollars.