According to Lookonchain, the $POPE development team and insiders realized over $1 million in profits within two hours of the token's launch by creating a new wallet, purchasing 5.8 million $POPE for 100K $USDC, and quickly selling 1.5 million $POPE at $0.286 for $428K. They still retain 4.3 million $POPE, valued at $685K as of the report. This wallet activity has significant implications for short-term $POPE liquidity and price volatility, as early insider profit-taking may affect trader confidence and market entry timing (Source: Lookonchain on Twitter, May 3, 2025).