🚀🚀Did the Developers Cheat in This Altcoin: They Bought a Huge Amount of Their Own Altcoin and Then Dumped It! 🚀🚀

According to on-chain data from the cryptocurrency, the developers behind the new meme coin POPE made 1 million dollars in just two hours.

The data reveals that the POPE developers created a new wallet before launching the token and were the first to sell 5.8 million POPE tokens from the tokens launched with 100 thousand dollars of USDC. This situation can actually be considered a concerning development for an altcoin.

After receiving the POPE tokens, the developers sold 1.5 million POPE tokens as the price rose to 0.286 dollars. With additional sales they made, they gained a total profit of 688 thousand dollars. However, they still hold 286 thousand dollars worth of POPE tokens.

POPE actually emerged after Donald Trump's joking statement of wanting to be the 'new pope' and the sharing of a photo of Trump in papal attire from the official White House X account. However, this meme coin has no official connection to Trump and draws attention as a high-risk investment vehicle.

The altcoin, which has experienced a serious decline from its peak, is currently trading at the level of 0.083 dollars at the time this article was written.

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