Crypto influencer Kimchi receives 135 million PUMP tokens, possibly as an endorsement fee from Pump.fun

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Crypto market influencer Kimchi received 135 million PUMP tokens, valued at approximately $6.25 million, likely as an endorsement fee from Pump.fun. Kimchi removed the '@Pumpfun' tag from their bio on October 23, two days after promoting the platform. Pump.fun’s revenue declined 16% to $1.35 million, with active addresses falling 11% to 159,492. Altcoins to watch continue to face pressure as platform activity declines.

BlockBeats news, on October 23, according to Lookonchain monitoring, after endorsing pump.fun for two days, crypto influencer kimchi has removed the "@Pumpfun" tag from her bio.


In addition, over the past two days, Pumpfun's revenue has decreased by 16%, dropping from $1.61 million to $1.35 million, while the number of active addresses has declined by 11%, falling from 178,539 to 159,492. Meanwhile, the Kimchi wallet address recently received 1.35 billion PUMP tokens, valued at approximately $6.25 million, reportedly as a platform endorsement fee.

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