đš [ON-CHAIN FORENSICS] Memecoin $kimchi Rug Pull (-95%) & Pumpfun Marketing Scandal
According to real-time surveillance data reported by @lookonchain:
âą Coordinated Dump: @kimchi1x received 500M $kimchi to shill. Market cap surged to $14M before collapsing over 95%. @a1lon9 reposted and subsequently un-reposted; original promotional posts were promptly deleted.
âą Illicit Extraction: Scammer accumulated early supply across multiple secondary wallets and dumped on retail, cashing out over $385K in net profit.
âą Ecosystem Fallout & Bio Scrub: 2 days post-incident, @kimchi1x removed @Pumpfun from bio amid allegations of receiving 1.35B $PUMP ($6.25M) in marketing allocations.
âą Platform Metric Contraction: Pumpfun daily revenue dropped 16% ($1.61M â $1.35M), and active wallet addresses fell 11% (178,539 â 159,492).
Advisory: Exercise extreme caution with social-driven microcaps. Always inspect developer wallet clusters and liquidity lock status before trading.
#PUMP #Crypto #MarketUpdate #CoinXSight #BinanceSquare
(Disclaimer: Not financial advice. Quantitative telemetry provided by CoinXSight Terminal.)
According to real-time surveillance data reported by @lookonchain:
âą Coordinated Dump: @kimchi1x received 500M $kimchi to shill. Market cap surged to $14M before collapsing over 95%. @a1lon9 reposted and subsequently un-reposted; original promotional posts were promptly deleted.
âą Illicit Extraction: Scammer accumulated early supply across multiple secondary wallets and dumped on retail, cashing out over $385K in net profit.
âą Ecosystem Fallout & Bio Scrub: 2 days post-incident, @kimchi1x removed @Pumpfun from bio amid allegations of receiving 1.35B $PUMP ($6.25M) in marketing allocations.
âą Platform Metric Contraction: Pumpfun daily revenue dropped 16% ($1.61M â $1.35M), and active wallet addresses fell 11% (178,539 â 159,492).
Advisory: Exercise extreme caution with social-driven microcaps. Always inspect developer wallet clusters and liquidity lock status before trading.
#PUMP #Crypto #MarketUpdate #CoinXSight #BinanceSquare
(Disclaimer: Not financial advice. Quantitative telemetry provided by CoinXSight Terminal.)