Kimchi Market capitalization fell to 21510000 USD, down more than 50%
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AT A GLANCE
Kimchi market capitalization fell from 40000000 USD to 21510000 USD, and the top-ranked individual address is sitting on an unrealized loss exceeding 50000 USD。
Article
Quick Take Kimchi Token price halves from peak; top-ranked whale who bought at the top is now sitting on an unrealized loss exceeding 50000 USD BlockBeats reports that October 22, according to GMGN market data,Solana on-chain Meme coin Kimchi rapidly reached 40000000 USD market capitalization yesterday before continuing to decline; it is now at 21510000 USD, representing a decline of more than 50%.
The token's top-ranked individual address invested 33700000 USD at a market capitalization of 144000 USD, and is now sitting on an unrealized loss exceeding 50000 USD.
Earlier reports said that the token was inspired by influencer trader Kimchi（@kimchi1x), who currently holds 75.32%of the total supply of the Meme coin.
BlockBeats reminds users that Meme coins often have no practical use cases and are highly volatile; investment requires caution.
Original link https://m.theblockbeats.info/flash/373136
Key points
01
BlockBeats said that October 22 according to GMGN market data,Solana the on-chain Meme coin Kimchi reached a market capitalization of 40000000 USD yesterday before continuing to decline; it is now at 21510000 USD。
02
The report said that Kimchi the market capitalization declined from its peak by more than 50%。
03
The token's top-ranked individual address invested at a market capitalization of 33700000 USD invested 144000 USD and is currently sitting on an unrealized loss exceeding 50000 USD。
04
Earlier reports said that the token was inspired by influencer trader Kimchi（@kimchi1x), who currently holds 75.32%。
05
BlockBeats reminds users that Meme coins often have no practical use cases and are highly volatile; investment requires caution.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report said that the market capitalization of Kimchi rapidly rose to 40000000 USD before falling back to 21510000 USD. The top-ranked individual address that invested at the peak consequently incurred a book loss exceeding 50000 USD; meanwhile, the holding ratio of 75.32%reported in the article indicates that token ownership is concentrated.
Why it matters to readers
A market capitalization decline exceeding 50%within a short period indicates significant price volatility. The high holding ratio mentioned in the report also warrants attention, as changes in the holdings of a small number of addresses may have a substantial impact on the market; however, the original text does not provide details of subsequent transactions.
Beginners should not equate a rapid rise with sustained profits; an unrealized loss is calculated at the current price and has not been confirmed through a sale. In the face of highly volatile and concentrated Meme coins, risks should be assessed carefully.
Risks and unknowns
The original text does not provide on-chain transaction details that can be independently verified.
The identity of the top-ranked individual address and whether it has already sold cannot be confirmed from the original text alone.
75.32%The holding ratio of
The original text does not specify Kimchi the liquidity, subsequent market-capitalization changes, or whether there are any practical use cases.
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Related concepts
Market Capitalization
A metric for the total value of currently tradable tokens calculated at current prices.
