Odaily Planet Daily reports, according to on-chain analyst Ai Yi, the well-known Solana trader Kimchi (Gs5F...GYeX), who was rumored to have earned over $40 million from TRUMP, withdrew 1.35 billion PUMP tokens over the past three hours, valued at $6.43 million. Today, the market cap of its namesake token, Kimchi, briefly reached $40 million; Kimchi holds 75.32% of the total token supply. Pump.fun co-founder @a1lon9 confirmed a collaboration between them, stating that Kimchi is assisting Pump.fun in shaping its creative direction.
Solana trader Kimchi sells $6.43 million worth of PUMP tokens in 3 hours
KuCoinFlashShare
Summary
Solana trader Kimchi (Gs5F...GYeX) sold 1.35 billion PUMP tokens, worth $6.43 million, over three hours, according to on-chain data. Kimchi, who reportedly earned over $400 million from TRUMP, holds 75.32% of the total supply of his self-named token, which reached a $40 million market cap. Pump.fun co-founder @a1lon9 confirmed a collaboration, stating that Kimchi is helping shape the platform’s creative direction. On-chain analysis shows Kimchi’s latest move reflects strong activity in the Solana memecoin space.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.