Lookonchain said trader kimchi removed Pump.fun from his personal bio two days after endorsing the platform. Over the same two-day period, Pump.fun’s revenue fell 16%, dropping from $1.61 million to $1.35 million, while active addresses declined 11%, from 178,539 to 159,492. The on-chain tracker also said kimchi may have received 1.35 billion PUMP tokens, worth about $6.25 million, as a marketing fee. Earlier, on Oct. 21, Pump.fun co-founder Alon said the project had partnered with Kimchi, calling him the first person to truly bridge crypto and pop culture and the first example of a trader becoming a celebrity.
PANews reported on Oct. 23 that, according to Lookonchain, trader kimchi removed Pump.fun from his personal bio two days after endorsing the platform.
During those two days, Pump.fun’s revenue fell 16%, from $1.61 million to $1.35 million. Active addresses also dropped 11%, declining from 178,539 to 159,492, Lookonchain said.
At the same time, kimchi may have received 1.35 billion PUMP tokens, valued at $6.25 million, as a marketing fee.
Earlier, on Oct. 21, Pump.fun co-founder Alon said in a post that the project had partnered with Kimchi. He described Kimchi as the first person to truly bridge cryptocurrency and pop culture, and the first example of a trader becoming a celebrity.
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