Solana memecoin KIMCHI surged to a roughly $15M market cap after trader Kimchi posted a promotional image linking to the token and Pump.fun co-founder Alon reposted it. Both posts soon disappeared; KIMCHI collapsed to about $284,000.

  • The token briefly topped $10M in under an hour, according to the report.
  • Lookonchain says wallets bought early and sold for more than $385,000 in profit.
  • No explanation or compensation plan had been announced when the report was published.

LaunchBar takeaway: a repost is not a guarantee, and a QR-code launch can turn into exit liquidity at warp speed. Treat thinly traded meme launches as bets you can lose entirely; verify official accounts and wallet flows before chasing a vertical candle.