Project Kimchi token on Pump.fun crashes 98% after its promo post disappears
CryptopolitanRanda Moses
On Thursday, trader Kimchi’s X account sent a brand-new Pump.fun token to a ~$15 million market cap in minutes. About 30 minutes later the post disappeared and the coin tumbled by over 98%. Market cap fell to ~$284,000 after $8.66 million in volume The account shared a photo of a poster on a sidewalk in Manhattan that read “project kimchi, same internet, different outcome.” Poster had a Pump.fun logo, App Store badges and QR code pointing to a fresh token called Project Kimchi. Market cap hit $10 million in seconds and peaked at about $15 million, though Lookonchain pegged the high at around $14 million. Pump.fun co-founder Alon Cohen reposted the promo from his personal account, before erasing it.
Reported by Cryptopolitan. You are reading an excerpt. The full story is on their site.
Read it at Cryptopolitan- Filed under
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- The Crypto Times, portalcripto.com.br
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