KIMCHI Market capitalization surged to 14000000 USD before plunging by more than 95%, with multiple associated wallets profiting over 385000 USD
BIBIBI
AT A GLANCE
KIMCHI Market capitalization briefly reached approximately 14000000 USD before plunging by more than 95%。
Article
KIMCHI Market capitalization surged to 14000000 USD before plunging by more than 95%, with multiple associated wallets profiting over 385000 USD BlockBeats reported that October 23, account kimchi1x received 500000000 tokens of KIMCHI and posted a related post, after which account a1lon9 reposted the post. However,a1lon9 subsequently removed the repost, and kimchi1x also deleted the original post.
Influenced by the related developments, the market capitalization of KIMCHI briefly surged rapidly to approximately 14000000 USD, before plunging by more than 95%. On-chain tracking showed that suspected scammers bought KIMCHI at low prices in advance through multiple wallets and sold after the price rose, earning total profits of more than 385000 USD.
Original link https://m.theblockbeats.info/flash/373363
Key points
01
October 23 Account kimchi1x received 500000000 tokens of KIMCHI and posted a related post.
02
Account a1lon9 subsequently reposted the post and later removed the repost;kimchi1x also deleted the original post.
03
KIMCHI Market capitalization briefly surged rapidly to approximately 14000000 USD, before plunging by more than 95%。
04
On-chain tracking showed that suspected scammers bought KIMCHI at low prices in advance through multiple wallets and sold after the price rose, earning total profits of more than 385000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
KIMCHI The market capitalization of
Why it matters to readers
The price surged sharply over a short period before plunging, indicating that trading risks are high; the related wallets may have profited after the price rose.
Beginners should note that a rapid increase in market capitalization does not mean an asset is safe; a subsequent plunge may cause significant losses.
Risks and unknowns
It has not been confirmed whether the multiple wallets are controlled by the same entity.
The identity of the “suspected scammers” and their relationship with the related wallets have not been independently verified.
Not provided in the original text KIMCHI’s liquidity, changes in token-holding addresses, or subsequent price information.
Related Developments
Loading event timeline…
Related concepts
Market Capitalization
A metric for the total value of currently tradable tokens calculated at current prices.
