The MessageRateLimit on an Exchange receive connector is set too low for the volume POPcon is submitting.
Fix
First, find the active connector and its current limit:
get-receiveconnector | ft name,messageratelimit
Then increase it:
set-receiveconnector -identity Default* -MessageRateLimit 200
Re-run the first command to confirm the new value is applied. If uncertain which connector is active, apply the command to each connector shown.