Markets· ★★· bearish·

Solana memecoin KIMCHI crashes 98% after Pump.fun posts deleted

  • —KIMCHI's market cap fell from about $15 million to $284,000, a 98% drop
  • —The rally followed a repost by Pump.fun's Alon; the post vanished within 30 minutes
  • —Kimchi removed the Pump.fun mention from his profile bio
  • —Pump.fun had named Kimchi a creative partner days earlier
Why it matters: The episode shows how Solana memecoins hinge on influencer endorsements and can lose nearly all their value within minutes.
#SOL
Source: BitExpert
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