KIMCHI Token Crashes 95% After Pump.fun Co-Founder Deletes Repost

KIMCHI took a hit that few saw coming. The token tied to Pump.fun's platform plunged 95 percent in hours after co-founder Alon pulled a repost featuring a QR code promotion.

Why the Sudden Drop Hit So Hard

Lookonchain spotted the move fast. Wallets linked to the deleted post appeared to book roughly $385,000 in gains before the rest of the market caught on. Volume spiked then dried up, leaving late buyers holding bags that were worth almost nothing.

It didn't last. The promotion had pushed the token higher earlier in the day, but once the repost disappeared the selloff picked up pace. No official statement followed from Pump.fun, which only added to the confusion.

Background on Pump.fun and Meme Token Swings

Pump.fun has launched dozens of Solana-based tokens in recent months. Most fade fast. A few catch retail flows and run hard before the exit doors narrow. KIMCHI fit the pattern until the visible link to Alon gave it extra momentum — then the same link turned into the trigger for the collapse.

Traders who track these launches know the routine. Early wallets often accumulate before any public signal, then lighter hands pile in once the co-founder signal appears. When that signal reverses, liquidity evaporates. This time the numbers lined up with the pattern: quick in, quicker out, $385K booked on the way.

What On-Chain Data Revealed

The flagged wallets showed buys clustered around the initial promotion. Sales followed within minutes of the repost deletion. Average hold times looked short, which is typical for these events. The 95 percent drawdown left almost no room for anyone who entered after the first leg higher.

Broad crypto markets stayed quiet during the episode. Bitcoin and major altcoins barely budged, so the damage stayed contained to KIMCHI holders. Still, the speed of the move reminded everyone how thin liquidity can be once the narrative shifts.

What Traders Should Watch Next

Any fresh activity from the same wallets will draw attention. If those addresses start accumulating again, chatter will follow fast. Pump.fun itself has stayed silent so far, but any comment from Alon could shift sentiment again — up or down.

Retail flow into new meme launches remains heavy on Solana. The same conditions that let KIMCHI run also set up the next one. Position sizing matters more than usual here because reversals arrive without warning.

Anyone long this pair has had a rough few days. The episode shows how fast a single deleted post can erase gains that took hours to build. Watch the wallets and keep size modest until the next signal settles.