The Solana memecoin $KIMCHI launched on Pump.fun with an anonymous deployer buying 79% of the supply for about $9,300. All future creator fees from the token are permanently routed to a single wallet labeled "Kimchi," which holds 750 million tokens (75% of supply). This setup means the wallet earns ongoing fees from every trade, creating a concentrated revenue stream and significant market influence. The token's market cap hit around $40 million within its first hour, and the deployer made an estimated $26,000 profit by selling some tokens early. Investors should watch the Kimchi wallet closely as it controls most of the supply and fee income, and monitor whether the token moves to a PumpSwap pool, which affects fee rates.
The story about Pump.fun's Kimchi coin routing creator fees to one address is presented here with Pluang's market snapshot as of Oct 22, 2026 06:03 WIB: Among 50 major cryptocurrencies priced on Pluang, 32 rose and 16 fell. Notable movers include Ethereum Classic (ETC) at Rp146.613 with a 2.97% increase and a typical hold time of 68 days, Kusama (KSM) at Rp75.061 down 2.50% with a hold time of 80 days, and Harmony (ONE) at Rp27 up 2.32% with a hold time of 153 days.
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