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.