FeesSafety
Pluang+

New token Project Kimchi peaks at $15M then crashes 98% amid rug pull suspicions

Market News
23 Oct 2026
Bitcoin
View Source
Bearish
New token Project Kimchi peaks at $15M then crashes 98% amid rug pull suspicions

A new token called Project Kimchi, promoted by popular trader Kimchi and Pump.fun co-founder Alon, surged to a $15 million market cap within minutes before crashing over 98%. The promotional post was quickly deleted, sparking accusations of a rug pull and demands for refunds. Investigations suggest the event may have been a failed launch or a hacked account, but no official statements have been made. This incident raises concerns about the reliability of Pump.fun’s new partnership and the true profits claimed by Kimchi from previous tokens.

The story of Project Kimchi's rapid rise and fall is presented here alongside Pluang's market snapshot for major cryptocurrencies as of Oct 23, 2026 14:41 WIB. Among 50 major cryptocurrencies, 24 rose and 25 fell today. Bitcoin Cash (BCH) gained 3.33% to Rp5.152.712 with a typical hold time of 69 days and a strong buy order activity at 73%. Harmony (ONE) also rose 3.30% to Rp27, contrasting with Synthetix (SNX), which declined 3.21% to Rp3.860, showing a near-even buy-sell split.

More News

BDR sues FDA over exclusivity of Phathom's VOQUEZNA, challenging patent extension under GAIN Act.

BDR sues FDA over exclusivity of Phathom's VOQUEZNA, challenging patent extension under GAIN Act.

BDR Pharmaceuticals has filed a lawsuit against the FDA, disputing the agency's refusal to accept an abbreviated new drug application referencing Phathom Pharmaceuticals' VOQUEZNA. BDR claims the FDA wrongly extended Phathom's exclusivity period unde...

Market News
Bearish
45 minutes ago
Ipsos reports 2.0% organic growth in Q3, upgrades 2026 growth outlook amid AI and digital expansion.

Ipsos reports 2.0% organic growth in Q3, upgrades 2026 growth outlook amid AI and digital expansion.

Ipsos achieved 2.0% organic revenue growth in Q3 2026, up from 0.8% in H1, driven by strong performances in EMEA, China, and citizen-related activities. The company updated its 2026 organic growth target to 1.2%-1.5%, reflecting improved momentum and...

Company Fundamentals
Bullish
2 hours ago
Ipsos reports 2.0% organic growth in Q3 2026, driven by EMEA, China, and Citizens segment.

Ipsos reports 2.0% organic growth in Q3 2026, driven by EMEA, China, and Citizens segment.

Ipsos posted €636.2 million revenue in Q3 2026 with 2.0% organic growth, up from 0.8% in H1, led by strong performances in EMEA, China, and its Citizens business. The company updated its full-year organic growth outlook to 1.2%-1.5%, citing ongoing g...

Company Fundamentals
Bullish
2 hours ago
Signify posts Q3 profit growth despite sales dip, confirms full-year margin outlook

Signify posts Q3 profit growth despite sales dip, confirms full-year margin outlook

Signify reported third-quarter 2026 results with sales of EUR 1,367 million, a slight decline in comparable sales by 3.4%, but improved adjusted EBITA of EUR 145 million and a margin increase to 10.6%. Net income rose to EUR 88 million and free cash ...

Company Fundamentals
Bullish
3 hours ago
Norsk Hydro Q3 2026 EBITDA jumps to NOK 9.1B on strong metal prices and operational gains

Norsk Hydro Q3 2026 EBITDA jumps to NOK 9.1B on strong metal prices and operational gains

Norsk Hydro reported a strong Q3 2026 with adjusted EBITDA rising to NOK 9,089 million from NOK 5,996 million a year earlier, driven by higher metal and alumina prices and improved Recycling and Extrusions earnings. Despite challenges like gas supply...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App