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BlockBeats stated that crypto influencer kimchi changed their X account bio again to “@pumpfun.” The token of the same name Kimchi once rose by more than double from a 6000000 USD market capitalization to 12000000 USD, before pulling back to 9230000 USD。
BlockBeats, citing GMGN data, said that Solana the on-chain Meme coin Kimchi market capitalization fell from yesterday's 40000000 USD peak to 21510000 USD, a decline of more than 50%. An address that bought at a market capitalization of 33700000 USD 144000 USD is sitting on an unrealized loss exceeding 50000 USD。
Citing an on-chain analyst, BlockBeats reported that trader Kimchi in the past 3 hours withdrew 1350000000 tokens PUMP, worth approximately 6430000 USD. pump.fun co-founder a1lon9 said they are assisting the project in developing its creative direction.