http://Pump.fun is turning meme coins into a reality show, and Kimchi just pulled $40M in market cap in under an hour.
http://Pump.fun co-founder Alon says he’ll work with Kimchi to shape the platform’s creative direction, calling him an example of how crypto traders can become pop-culture celebrities.
The numbers are wild:
Peak market cap: $40M+ within the first hour
Current market cap: $36.85M
Trading volume: $23.7M
Kimchi’s X account reportedly holds 75.32% of the token supply.
That last number deserves attention. When one account controls such a large share of supply, concentration and potential sell pressure become major risks.
The bigger play is http://Pump.fun trying to turn trading, creators, and internet culture into one giant SocialFi ecosystem.
Bro went from trading memes to BEING the meme.
Are we watching the next evolution of SocialFi, or just speedrunning another liquidity roller coaster?
Dyor - Learn - Repeat
http://Pump.fun co-founder Alon says he’ll work with Kimchi to shape the platform’s creative direction, calling him an example of how crypto traders can become pop-culture celebrities.
The numbers are wild:
Peak market cap: $40M+ within the first hour
Current market cap: $36.85M
Trading volume: $23.7M
Kimchi’s X account reportedly holds 75.32% of the token supply.
That last number deserves attention. When one account controls such a large share of supply, concentration and potential sell pressure become major risks.
The bigger play is http://Pump.fun trying to turn trading, creators, and internet culture into one giant SocialFi ecosystem.
Bro went from trading memes to BEING the meme.
Are we watching the next evolution of SocialFi, or just speedrunning another liquidity roller coaster?
Dyor - Learn - Repeat