Wu reported that according to GMGN data, the stablecoin narrative Memecoin USDP's market cap briefly reached $150 million before quickly plummeting, now down to approximately $30 million. The sniper, and the largest holder, 2QPFb2…QMZcPd, spent only $301.57 to purchase 6.71% of the total supply. At its peak, it had a floating profit of over $9 million, now retracted to around $2 million. Notably, the USDP bundle ratio is 6.7%, with 999+ bundle trades. https://t.co/8ndMgbhsVx