Analyst: POPE Development Team Sold 1.5 Million POPE Tokens After Issuance, Earning Over $1 Million in 2 Hours

According to on-chain analyst Lookonchain (@lookonchain), the POPE token development team created a new wallet after the token issuance and invested $100,000 USDC to purchase 5.8 million POPE tokens. Subsequently, the team sold 1.5 million POPE tokens at a price of $0.286, earning approximately $428,000 in revenue. They currently still hold 4.3 million POPE tokens, valued at approximately $685,000 at the current price.