Trader Kimchi withdraws 1.35B PUMP worth $6.43M as namesake token hits $40M
- —Kimchi withdrew 1.35B PUMP worth $6.43M in three hours
- —The Kimchi token briefly hit a $40M market cap
- —Kimchi holds 75.32% of the token's total supply
- —Pump.fun confirmed it is working with Kimchi
Why it matters: With 75% of supply in one wallet, the Kimchi token is highly exposed to a collapse if the holder sells.
Source: PANews