According to CoinMeta, crypto trader kimchi released a promotional image with a QR code this morning, pointing to a new token project kimchi. After pumpfun, one of the co-founders, reposted this post, the market value of the new token briefly soared to around $15 million. However, alon later canceled the repost, and kimchi deleted the original post as well as the mention of “pumpfun” from the project description, causing the token price to plummet significantly. According to CoinMeta data, the current market value of the token is about $284,000, representing a decline of over 98% from its historical high, with a 24-hour trading volume of approximately $9.3 million.