Solana meme coin Kimchi drops over 50% from its peak, with the top holder reporting losses exceeding $50,000.

KuCoinFlash

Release Time: 2026/10/22 05:43:25

Summary

The Solana-based meme coin Kimchi dropped to a $21.51 million market cap on October 22, 2026, down more than 50% from its peak of $40 million. A top holder, who entered at a $33.7 million market cap, now faces losses exceeding $50,000. The token, inspired by influencer Kimchi (@kimchi1x), is now regarded as a volatile altcoin to watch. Blockbeats underscores the risks of meme coins lacking real-world use cases.

BlockBeats news, October 22: According to GMGN market data, the Solana-based meme coin Kimchi rapidly reached a $40 million market cap yesterday but has since declined, currently trading at $21.51 million—a drop of over 50% from its peak.

The top individual holder of this token invested $144,000 at a market cap of $33.7 million and is now experiencing a paper loss of over $50,000.

Previously, the token was inspired by influencer trader Kimchi (@kimchi1x), who currently holds 75.32% of the total Meme coin supply.

BlockBeats reminds users that most meme coins lack practical use cases and exhibit high price volatility—invest with caution.

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