$KIMCHI Memecoin Collapses 95% After Coordinated Pump Using Pump.fun Co-Founder’s Repost

$KIMCHI, a Solana-based memecoin, surged to a peak market capitalization of approximately $14–15 million before collapsing by more than 95% within hours — falling to roughly $284,000 in market cap with reported 24-hour trading volume of approximately $9.3 million. The token’s entire lifecycle — from launch to near-zero — played out in a single session, leaving the vast majority of buyers with near-total losses.

The Move: According to on-chain investigator Lookonchain, crypto trader Kimchi (@kimchi1x) received 500 million $KIMCHI tokens and subsequently published a promotional post about the token. Pump.fun co-founder Alon (@a1lon9) then reposted the promotion — a signal that the market interpreted as an implicit endorsement from one of the most recognizable names in Solana memecoin infrastructure. Speculative buying flooded in, pushing the market cap from near-zero to approximately $14 million. Shortly after, Alon removed the repost. Kimchi deleted the original promotional post and removed “pumpfun” from his profile bio. Lookonchain’s on-chain analysis identified that multiple coordinated wallets had pre-positioned in $KIMCHI at low prices before the promotion went live, then exited into the buying frenzy — booking a combined profit of over $385,000. One wallet alone spent approximately $144,000 on $KIMCHI and later showed an $88,000 unrealized loss, retaining most of its position rather than fully exiting. On-chain records are visible at Solscan wallet 4RZD…mxL4, 98xo…iFH, and 5qVR…wg9M.

What This Signals: The sequence — pre-positioned wallets, influencer promotion, immediate reversal upon repost removal — fits the structural profile of a coordinated pump-and-exit event. On-chain analysts interpret the $385,000+ profit extraction across multiple wallets as evidence of deliberate front-running, where insiders accumulated before the promotion was made public, then sold into retail demand generated by @a1lon9’s repost. It is important to note that Lookonchain has labeled these actors as “scammers” in its reporting, but criminal intent and definitive wallet ownership have not been independently verified at the time of writing. Neither @kimchi1x nor @a1lon9 issued a public explanation for the deleted post, removed repost, or the 500 million token allocation to Kimchi’s wallet. For retail participants, the critical structural reality is that once the repost was removed, the token had no remaining demand catalyst — and the 95%+ collapse reflected that immediately. There is no identifiable support level to watch; the token has effectively returned to its pre-promotion state near zero. This episode is consistent with patterns seen in other influencer-adjacent memecoin launches, not unlike the rapid rotations documented in large whale capital rotations — though those involve fundamentally different assets and intent.

Forward Outlook: The wallets flagged by Lookonchain remain active on Solana and should be monitored for further token launches or promotional activity tied to known influencer accounts. Any future token allocation to @kimchi1x’s wallet — visible on Solscan — would constitute an early warning signal for an analogous setup. The broader implication for Pump.fun’s ecosystem is significant: a co-founder’s repost, even if brief and subsequently deleted, carries enough market weight to move a memecoin to an eight-figure market cap within minutes. Pump.fun has not issued a statement addressing the incident or @a1lon9’s role. On-chain community reaction, as captured by Lookonchain’s reporting, has centered on the $385,000 profit figure as the defining evidence of pre-coordination — though formal attribution remains an open investigative question.

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Source: Lookonchain · Published by CoinsProbe Markets Desk

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Coinsprobe Markets Desk

Crypto journalist and analyst covering blockchain, DeFi, and digital asset markets at CoinsProbe.

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