Crypto trader kimchi removed Pump.fun from his social media bio just two days after promoting the memecoin launchpad, Lookonchain reported. During that time, kimchi may have received 1.35 billion PUMP tokens, worth about $6.25 million, as a marketing payment. Pump.fun’s metrics weakened over the same two days. Daily revenue fell 16% from $1.61 million to $1.35 million, and active addresses dropped 11% from 178,539 to 159,492. Neither kimchi nor Pump.fun has confirmed the payment. The episode adds to questions over paid influencer promotions in crypto, where disclosures are often missing and token rewards can be large.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
SpaceX shares rose 2.74% to $143.58 on Thursday, gaining $3.83 even as Nvidia sank after…
Nvidia shares are trading near $156 after Jensen Huang’s resignation, about 35% below their October…
Colette Kress is Nvidia’s new chief executive on an interim basis, after co-founder Jensen Huang…
Nvidia shares fell close to 10% in premarket trading on Thursday to around $156, after…
Jensen Huang has resigned as Nvidia’s chief executive, president and board member, effective immediately, the…
Anthony Pompliano has suggested that Elon Musk should consider merging SpaceX with Nvidia (NASDAQ: NVDA)…
