The market value of the Solana-based meme coin Kimchi reached 40 million USD within 1 hour of its launch, with a transaction volume of 23.7 million USD

The Meme coin Kimchi on the Solana chain reached a market value of 40 million USD within 1 hour of its launch, currently reported at 38.71 million USD, with a transaction volume of 23.7 million USD. Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this Meme coin.

This trader rarely posts trading records or calls, mainly sharing photos and videos related to life, travel, luxury cars, and watches. Alon, co-founder of Pump.fun, stated that Kimchi is the first person to truly bridge the gap between the crypto industry and pop culture, as well as the first case of a trader growing into a public figure. Alon mentioned that Kimchi is helping Pump.fun define its creative direction and expand the ecosystem.