Pump.fun & Kimchi Drama Dominates Meme Coin CT
Community frustration with pump.fun and influencer 'Kimchi' is peaking — Kimchi accused of extracting from fans, pump.fun's new competition seen as poorly timed, and sentiment is at lows with many traders zeroed out.
What we know
The dominant CT sub-culture story is disillusionment with pump.fun and the influencer 'Kimchi.' an account on X called Kimchi 'treating his fanbase like an ATM with no withdrawal option.' another account on X argued pump.fun's new contest is bad timing when community feels 'max r*pe is happening' post-Kimchi. Another account on X (88 likes) declared 'once pumpfun is taken down… memes will start rocketing to 1bil cap again.' another account on X suspected the contest was a distraction from the Kimchi controversy. Meanwhile FOMO app banned pump.fun links. $PUMP daily volume is $490M with $1.76M revenue and 92% SOL market share, but community sentiment is severely deteriorated.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.