Trader Kimchi's memecoin Project Kimchi crashes over 98% from $15M peak
- —Market cap fell from a $15 million peak to $277,000
- —The rally followed a repost by Pump.fun co-founder Alon, later deleted
- —Kimchi removed the promo post and the pumpfun mention from his profile
- —24-hour trading volume was about $9.3 million
Why it matters: Another case of a memecoin whose price rested on a single promotional post and collapsed once it was deleted.
Source: Koin Bülteni