Trader Kimchi Goes From Pump.fun Star to Rug Pull Suspect in 48 Hours

A post from meme coin trader Kimchi’s X account sent a brand-new token to a $15 million peak within minutes, then the post disappeared and the coin crashed more than 98%. Early in the U.S. afternoon of Oct. 22, popular online trader Kimchi’s account posted a photo of a Manhattan sidewalk with a poster that read “project kimchi, same internet, different outcome.” The illustration carried a Pump.fun logo , App Store badges and a QR code. Scanning the code opened a fresh Pump.fun token called Project Kimchi. Moreover, just two days earlier, Pump.fun had signed Kimchi as a new creative partner, positioning the pseudonymous trader as a face of its retail push.

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