Memecoin

Alon

Major

Kimchi, a memecoin that gained attention through a post by crypto phenomenon Kimchi, has seen its market capitalization plummet by more than 95% after reaching approximately $14 million in a short time. Lookonchain’s research today examined token transfers linked to social media activity.
According to the platform’s findings, Kimchi made a post about the project after receiving 500 million kimchi tokens. PumpFun co-founder Alon also retweeted the post. PumpFun had gained significant popularity as a launch platform for these types of memecoins.
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However, Lookonchain noted that Alon later retracted his post, while Kimchi deleted hers. The token’s rise was followed by a very sharp drop in value.
Another noteworthy aspect of the investigation involved multiple wallets that purchased at low prices. Lookonchain claims that the addresses it examined subsequently profited over $385,000 from later sales and published the relevant Solscan links.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/posts-deleted-this-memecoin-crashed-by-over-95-percent-another-rug-pull/" rel="noopener noreferrer nofollow">Posts Deleted, This Memecoin Crashed by Over 95 Percent: Another Rug Pull?</a>

Posts Deleted, This Memecoin Crashed by Over 95 Percent: Another Rug Pull?

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Other articles published on Oct 23, 2026

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