Kimchi joins Pumpfun, with Meme coin of the same name surpassing $40 million in market value

After Solana trader Kimchi joined Pumpfun, the market value of the eponymous Meme coin $Kimchi reached $30 million 10 minutes after its launch, and exceeded $40 million one hour later. Pumpfun co-founder Alon confirms cooperation between the two parties. Kimchi's associated wallet extracted 1.35 billion PUMPs worth approximately 6.43 million US dollars from the trading platform and holds 75.32% of Kimchi's total supply. A certain address purchased 9.91 million Kimchi coins for approximately $848 SOL, sold 4.88 million coins for a profit of approximately $111000, and the remaining position is valued at approximately $171000. Another trader invested $849.29 and $160.2 at a market value of $85700, selling half of the positions for a profit of approximately $111000, and the remaining positions for a floating profit of approximately $162000.