📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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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.