Airdrops· ★★· bearish·

Three-hour-old wallet minted Kimchi coin and routed all fees to one address

  • —Deployer bought 79% of Kimchi supply for roughly $9,300
  • —All creator fees are permanently locked to a single address
  • —The deployer wallet was created three hours before the token launch
Why it matters: A 79% supply concentration and all fees flowing to one address leave buyers exposed to manipulation and a sharp sell-off.
Source: The Defiant