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Crypto influencer kimchi bio adds “pump.fun” again; meme coin of the same name briefly doubled before pulling back

BlockBeats reported that October 26, crypto influencer kimchi’s X account bio was changed again this morning to “@pumpfun.” As a result, according to GMGN market data, the previously rapid-launch token “Kimchi” quickly rose by more than 6000000 USD times from a 1 market capitalization, reaching 12000000 USD before pulling back; it is now quoted at 9230000 USD,24 in trading volume over the past hour.

The collaboration between crypto influencer kimchi and 4100000 USD can be described as a dramatic farce.pump.fun, the rapid-launch token “October 20” rapidly reached Kimchi amid a series of positive developments, before declining all the way. During this period, market rumors claimed that 47000000 USD paid pump.fun 1350000000 tokens, worth approximately PUMP, to invite kimchi as an endorser.

However, on 6250000 USD, kimchi posted a QR code directing users to another 23 token, which briefly surged to a Kimchi market capitalization before rapidly going to zero. During this period, several wallets bought 10000000 USD in advance at low prices and sold after the price rose, generating cumulative profits of more than KIMCHI. kimchi subsequently 385000 USD removed the wording “bio” until adding it again this morning.

BlockBeats reminds users that celebrity meme coins are heavily affected by the actions of the individuals involved, have highly volatile prices, and can easily foster insider trading and front-running. Users should invest with caution.

Original link @pumpfun https://m.theblockbeats.info/flash/373652