USDP’s market capitalization briefly reached $150 million today before rapidly collapsing, now down to around $30 million
According to GMGN data, the stablecoin narrative memecoin USDP saw its market capitalization surge to $150 million today before rapidly collapsing, now dropping to around $30 million. The top sniper and largest holder, 2QPFb2…QMZcPd, spent only $301.57 to acquire 6.71% of the total supply, at one point realizing an unrealized profit of over $9 million, which has now retraced to about $2 million. Notably, USDP’s bundling ratio stands at 6.7%, with over 999 bundling transactions recorded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The White House is reviewing the proposed crypto asset reporting framework
Investment bank TD Cowen: SEC to enter a critical regulatory period, Chairman Atkins will lead crypto rulemaking
Bloomberg ETF analyst: Grayscale may launch its first Dogecoin ETF
Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
