The $KIMCHI token was launched on Pump.fun on October 20, 2026, by an anonymous wallet that bought 79.3% of the one billion tokens for about 87 SOL, or between $9,000 and $9,300. The deployer transferred 750 million tokens to an address labeled “Kimchi” and made that address the permanent recipient of all creator fees. Promotion of the token, particularly linked to the trader Kimchi, pushed its market capitalization to approximately $40 million within its first hour, while the deployer reportedly earned about $26,000 after selling most of its remaining tokens. The address’s 75% holdings give it the potential to exert substantial pressure on the price, although the sources do not establish that the trader Kimchi controls the wallet.
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