View my profit and investment portfolio details. Follow for tips on the USDP Memecoin that plummeted 99% in just a few hours: An insider scam on Solana?

A new memecoin on Solana named #USDP has just become the focus after plummeting 99% in less than 6 hours, after reaching a market cap of over 150 million USD.

According to data from Dexscreener, wallets linked to the project's insiders silently dumped their holdings right after the token price increased tenfold, thanks to the influx of retail investors. One wallet even turned 300 USD into 300,000 USD in the blink of an eye. Meanwhile, many other investors were left stuck with massive losses.

Signs indicate familiar “bundling” behavior: the internal team received a large amount of tokens through linked wallets, not through public transactions, held the tokens for a short time to create a false scarcity effect, and then quickly sold them when FOMO peaked.