📢 Flash
Crypto influencer Kimchi Bio adds “pump.fun” to his bio; a meme coin sharing the same name surges nearly 100% intraday before retreating.
On the morning of October 26, the X (formerly Twitter) bio of prominent crypto influencer kimchi was updated again to “@pumpfun.” This move directly triggered a sharp rally in the associated “Kimchi” token listed on Pump.fun: according to GMGN data, its market cap surged from $6 million to $12 million within minutes—before pulling back to $9.23 million, with $4.1 million in 24-hour trading volume.
Looking back: On October 20, amid multiple bullish catalysts, the “Kimchi” token spiked to a $47 million market cap—but then entered a sustained downtrend. Market rumors widely claimed that pump.fun paid kimchi 1.35 billion PUMP tokens—worth roughly $6.25 million at the time—as compensation for endorsement.
The plot twisted on October 23, when kimchi posted a QR code directing followers to another token also named “Kimchi.” That token briefly soared to a $10 million market cap before collapsing to zero. During the surge, several addresses accumulated KIMCHI at low prices and dumped large quantities as the price rose—netting over $385,000 in profits. Shortly after, kimchi removed the “@pumpfun” reference from their X bio—only to reinstate it on the morning of October 26.
This sequence has been widely interpreted across the industry as a highly theatrical—and chaotic—collaboration between kimchi and pump.fun. Investors should be strongly cautioned: meme coins backed by celebrities are extremely sensitive to influencer statements and actions, prone to extreme volatility, and frequently rife with insider trading and front-running—making them exceptionally high-risk assets.
Looking back: On October 20, amid multiple bullish catalysts, the “Kimchi” token spiked to a $47 million market cap—but then entered a sustained downtrend. Market rumors widely claimed that pump.fun paid kimchi 1.35 billion PUMP tokens—worth roughly $6.25 million at the time—as compensation for endorsement.
The plot twisted on October 23, when kimchi posted a QR code directing followers to another token also named “Kimchi.” That token briefly soared to a $10 million market cap before collapsing to zero. During the surge, several addresses accumulated KIMCHI at low prices and dumped large quantities as the price rose—netting over $385,000 in profits. Shortly after, kimchi removed the “@pumpfun” reference from their X bio—only to reinstate it on the morning of October 26.
This sequence has been widely interpreted across the industry as a highly theatrical—and chaotic—collaboration between kimchi and pump.fun. Investors should be strongly cautioned: meme coins backed by celebrities are extremely sensitive to influencer statements and actions, prone to extreme volatility, and frequently rife with insider trading and front-running—making them exceptionally high-risk assets.
