Trader Kimchi withdraws 1.35 billion PUMP tokens, similarly named $Kimchi token's market cap once reached $40 million.

On October 21, according to on-chain analyst Ai Yi (@ai_9684xtpa), the prominent Solana trader Kimchi (@kimchi1x), rumored to have profited over $40 million from $TRUMP, dumped 1.35 billion PUMP tokens in the past three hours, worth approximately $6.43 million.

Meanwhile, its namesake token $Kimchi briefly surged to a market capitalization of $40 million today, with Kimchi personally holding 75.32% of the total supply. Pump.fun co-founder alon (@a1lon9) has confirmed a partnership between the two, stating that Kimchi is assisting Pump.fun with creative direction.