Insiders Made $1M, Outsider Lost $111K in 5 Minutes

Tl; DR

• The cryptocurrency space, which sometimes shakes the degenerate, has struck again. In the past few days, a piece of memes named after the bishop of Rome and the head of the Catholic church have exploded in popularity.
• In the past few hours only, some major movements have made the CT News, with initiates who were spilled, while an investor lost more than $ 110,000 in minutes.

With exchanges such as Gateio and Mexc rushing to add the new feeling of memes money for trading for their users, it is not surprising that the value of the active has increased by several thousand percent in hours. According to some reportsIts market capitalization exceeded $ 300 million at a given time before its darling.

It is difficult to check this data on independent third -party data aggregators, such as Coingecko and CoinmarketCap, because it is missing at the time of the press. Coingecko even says that he deleted the Pope's part of his platform.

The same Coin website claims that 35% of the 1B Max supply will go to the Catholic Church. 25% will be for creators and marketing, and only 100 million will be intended for public distribution. He also claims that it was created “in support of the Pope and the Catholic Church, with benefits going to the Church and his initiatives around the world”.

“The Pope was created to support a future pope who defends cryptocurrency and the empowerment of decentralization, global impact and spiritual connectivity,” also indicates the website.

Finally, the slogan is “a piece of so holy meme, it blesses each transaction”. I don't know how much This transaction By a developer or an initiate who won more than a million dollars in two hours by throwing tokens into the community.

The pope's madness also led to a substantial loss for a merchant who decided to FOMO. According to Lookonchain, they lost $ 111,000 in just under five minutes.

Do not exchange.

This guy lost $ 111,000 on $ Pope In less than 5 minutes.

He spent 200k $ USDC has #Fomo buy $ PopeBut just after its purchase, the price has dropped sharply.

In panic, it sold for only $ 89,000, which burned $ 111,000 in minutes. pic.twitter.com/tkyxh5bpp

– Lookonchain (@lookonchain) May 3, 2025