Kimchi Token’s Market Cap Plunges Over 98% to $277K After Pump.fun Co-Founder Removes Repost Crypto trader Kimchi posted a promotional image this morning with a QR code linking to a new memecoin, Project Kimchi.
After Pump.fun co-founder Alon reposted it, the token’s market cap briefly reached approximately $15M
Alon subsequently removed his repost, while Kimchi deleted the original post and removed “pumpfun” from his bio. The token’s price then fell sharply. Alon had previously described Kimchi as the first trader to truly bridge crypto and pop culture.
Neither has publicly explained the deleted post or removed repost. According to GMGN, the token’s market cap is now approximately $277K, down over 98% from its peak, with around $9.3M in 24-hour trading volume. — link