Korean trader Kimchi joins https://t.co/pxZiT1KtGs, sparking a meme coin frenzy, with token market value exceeding $30 million within an hour, while the original version crashes 90%. https://t.co/pxZiT1KtGs announces that Korean trader Kimchi has joined its social trading app. Kimchi gained attention for earning approximately $40 million in early 2025 by trading the SOLANA:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN token. Following the announcement, a developer promptly launched a new $KIMCHI token, directly transferring 75.32% of the total supply to Kimchi’s wallet. As market funds poured in, this portion of the token reached a market value of approximately $25 million within 42 minutes and surpassed $30 million within one hour. Since https://t.co/pxZiT1KtGs allows multiple developers to issue tokens with the same name, several versions of $KIMCHI quickly emerged on the market. Although these tokens share the same name, they differ in contract addresses and issuers. Some developers attempted to attract greater market attention by transferring large amounts of tokens to Kimchi’s wallet, causing capital to flow between different versions. As of the morning of October 21, at least four distinct $KIMCHI tokens were trading simultaneously. The newly issued version had a market cap of approximately $34.56 million and a 24-hour trading volume of $32.32 million. Another version, which transferred 90% of its supply to Kimchi’s wallet, had a market cap of about $9.77 million; a third version was valued at approximately $2.14 million. In contrast, the earliest issued version plummeted over 90% within six hours, with its market cap dropping from around $7 million to just $450,000.