On-chain sleuth Specter said a wallet that Kimchi publicly shared in an X reply in April 2024 appears to be tied to trades made shortly after several token launches. According to the monitoring data, the wallet bought STAR within the same minute of deployment on May 30, 2024, spending 2.96 SOL, or $407, and later sold for $45,600. On June 11, 2024, it bought DADDY ANSEM two minutes after deployment for 4.94 SOL, worth $730, and later sold for $14,600. On June 26, 2024, it bought MUVA one minute after deployment for 2.9 SOL, worth $407, and later sold for $53,000. Specter also said clustering from an exchange deposit address identified five more wallets involved in the same MUVA launch bundle trade. At the same time, Specter said there is currently no verifiable evidence showing that Kimchi made eight-figure U.S. dollar profits from the TRUMP token.
Odaily reported that on-chain investigator Specter has linked a wallet publicly shared by Kimchi in an X reply in April 2024 to trading activity that took place shortly after several token launches.
According to Specter, on May 30, 2024 at 13:41 UTC, within the same minute that STAR was deployed, a wallet tied to Kimchi bought in with 2.96 SOL, valued at $407, and later sold for $45,600.
On June 11, 2024 at 23:38 UTC, two minutes after DADDY ANSEM was deployed, the Kimchi-linked wallet bought in with 4.94 SOL, worth $730, and later sold for $14,600.
On June 26, 2024 at 22:45 UTC, one minute after MUVA was deployed, the same linked wallet bought in with 2.9 SOL, valued at $407, and later sold for $53,000.
Specter also said clustering around an exchange deposit address identified another five wallets that took part in the same MUVA launch bundle trade. Specter added that there is currently no verifiable evidence that Kimchi made eight-figure U.S. dollar profits from the TRUMP token.
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