PumpFun / Kimchi Token Drama & Pump Bridge Launch
Crypto trader 'Kimchi' caused memecoin chaos after a hack and PumpFun partnership fallout collapsed the Kimchi token 98%, while PumpFun launched its own 'Pump Bridge' claiming 2x faster crosschain swaps.
What we know
The last 24 hours were dominated by the Kimchi saga: An account on X reported the Kimchi Token's market cap plunged over 98% to $284K after PumpFun co-founder Alon removed his repost. Another account on X detailed that Kimchi removed PumpFun from his bio just 2 days after signing, during which PumpFun's revenue dropped 16% and active addresses fell 11% — meanwhile Kimchi may have received 1.35B $PUMP ($6.25M) in marketing. Another account on X recapped the chaos: one coin hit $14M then crashed to $1M in 3 minutes. In response, PumpFun launched Pump Bridge, claiming 2x speed and 12x fewer errors vs. Relay, while Fomo also launched sub-1-second crosschain swaps.
How the story developed
Crypto trader 'Kimchi' caused memecoin chaos after a hack and PumpFun partnership fallout collapsed the Kimchi token 98%, while PumpFun launched its own 'Pump Bridge' claiming 2x faster crosschain swaps.
Pump.fun launched Pump Bridge (2x faster, 12x fewer errors than Relay) cementing its vertical integration across launchpad, DEX, terminal, social, and now crosschain; simultaneously a cat-with-sword meme coin is generating early-Pepe-level hype on the platform.
Pump.fun announced Pump Bridge, replacing the third-party Relay service with its own cross-chain bridging solution claiming 2x speed and 12x fewer buy errors.
Pump.fun ditched third-party bridging infrastructure Relay in favor of its own proprietary Pump Bridge, claiming 2x speed and 12x fewer buy errors. Analysts see this as Pump moving to own the entire on-chain trading stack.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.