POPE Token Plummets After Frenzied Pump Leaves Traders Reeling

By: cryptosheadlines|2025/05/05 06:45:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com POPE memecoin soared to a $400M market cap before crashing over 70% as early whales dumped and retail traders absorbed massive losses.Despite a 385% 24-hour gain, POPE’s plunge exposed insider dominance with 90% supply held by the team and fresh wallets dumping millions.POPE’s meteoric rise, influencer hype, and instant crash highlight Solana’s volatile memecoin culture driven by speculation and manipulation.POPE, a conclave-themed memecoin on Solana, experienced a dramatic boom-and-bust cycle within hours of launch. At its peak, the token reached a $400 million market cap before crashing over 70%. Early buyers saw massive returns, while latecomers suffered losses. One trader burned $111K in minutes after FOMO-buying $200K in POPE, only to sell during a sharp dip for just $89K.Besides this, influencers played a major role in fueling the hype. remyygill claimed to turn $7,100 into $70,000, offering a giveaway of 50 SOL (~$7,500). His post coincided with POPE’s meteoric rise, pushing engagement even further. However, the aftermath revealed warning signs that many overlooked.Coordinated Hype and Rapid DumpThe launch appeared well-timed with political headlines and even received a nod from Solana DEX Orca. Trading surged at noon, forming a steep green spike followed by a massive red plunge. POPE’s volume hit 92 million USDC over five hours, reflecting intense speculation. At its high, the token hovered near $400M in market cap.However, on-chain data told a different story. Fresh wallets aped in early with $10–20 million, then dumped $300–400 million. Additionally, over 90% of POPE’s supply remained under team control. These metrics strongly suggested manipulation behind the scenes. Moreover, rumors swirled that POPE’s devs might be linked to the $TRUMP memecoin project.Technical Breakdown and Market MetricsAfter the spike, POPE entered a clear downtrend. Price action formed small consolidation ranges before dipping lower. At the time of analysis, POPE traded at $0.08342, marking a 13.16% drop in one hour. Liquidity sat at $9 million, with a fully diluted valuation matching its $83.5 million market cap.Interestingly, POPE still showed a 385% gain on both 6-hour and 24-hour timeframes. Hence, early buyers remained in profit despite recent losses. The asset recorded 19,422 transactions, with 12,493 buys versus 6,929 sells. Buyers slightly edged out sellers in volume at $25.9M to $23.8M. Consequently, POPE became another example of Solana’s high-risk memecoin culture. Despite bullish beginnings, the token’s future remains uncertain amid growing scrutiny and investor caution.Source link

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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