Pump.fun KIMCHI Token Plummets 95% After QR Code Promotion Disappears
The KIMCHI token linked to Pump.fun experienced a dramatic crash following the disappearance of a QR code promotion associated with a co-founder.
The KIMCHI token linked to Pump.fun experienced a dramatic crash following the disappearance of a QR code promotion associated with a co-founder. Pump.fun (PUMP) is trading at $0.004572, down 0.3% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Fri, 23 Oct 2026 09:45:02 UTC.
The incident highlights the volatility and risks associated with meme coins and promotional strategies in the crypto market, as sudden changes can lead to significant price swings and financial implications for investors.
- KIMCHI token price crashed 95% after a QR code promotion vanished.
- Lookonchain reported $385K in suspected profits from related trading.
- The incident underscores the risks of meme coin volatility.
- PUMP Token Fails to Hold Key Support Despite Buyback Efforts
- Pump.fun KIMCHI Token Plummets 95% After QR Code Promotion Disappears — this brief
The KIMCHI token, associated with the decentralized meme coin platform 
Pump.fun, crashed by 95% after a QR code promotion linked to co-founder Alon mysteriously disappeared.
The incident was first flagged by Lookonchain, which reported that the promotion's disappearance coincided with suspicious trading activity, resulting in an estimated $385,000 in profits.
This event highlights the extreme volatility of meme coins, where the success of promotional strategies can be swiftly undone by sudden changes or perceived instability.
The broader crypto market remained relatively stable during this incident, with 
Bitcoin showing a modest 0.66% decline over the past 24 hours.
The Pump.fun token (PUMP) itself experienced a 4.35% drop in the same period, although it remains up 1.25% over the past week.
Since this brief published about 2 hours ago, Pump.fun (PUMP) has moved from $0.004587 to $0.004572 — -0.32%.
The chart plots PUMP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 PUMP ≈ ₦6.26 (about $0.004572), down 3.5% over 24 hours. The naira itself trades about 3.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Pump.fun KIMCHI Token Plummets 95% After QR Code Promotion D — questions & answers
What caused the KIMCHI token to crash?
The crash was triggered by the disappearance of a QR code promotion linked to Pump.fun co-founder Alon.
How much profit was reportedly made from the suspicious trading?
Lookonchain reported $385,000 in suspected profits from related trading activities.
What is the current market cap of Pump.fun?
The market cap of Pump.fun is $2.12 billion.
How much is 1 Pump.fun worth in naira today?
About ₦6.26 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.004572. The naira price moves with both PUMP's US-dollar price and the USDT/NGN rate; use our Pump.fun in naira page for any amount.
Has Pump.fun's price moved since this brief was published?
PUMP is down 0.32% since this brief first published — trading at $0.004572 now versus $0.004587 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.